Thailand: Inflation eases in July from June
Latest reading: Consumer prices increased 1.9% in annual terms in July, following a 2.4% rise in the prior month.
Relative to the previous month’s data, there were milder price pressures for housing and utilities (+0.1% on a year-on-year basis vs +0.2% in June) and transportation and communication (+4.8% vs +8.8% in June). In contrast, there were higher price pressures for food and beverages (+2.0% vs +1.0% in June) and recreation and education (+1.0% vs +0.7% in June).
Meanwhile, core consumer prices increased 1.3% on a year-on-year basis in July, following a 1.2% rise in the previous month.
Lastly, consumer prices were down 0.73% in July on a month-on-month basis, following a 0.34% decline in the previous month.