Tridge summary
In April 2021, Thailand saw a 14-month high in inflation, with the consumer price index (CPI) rising by 3.41% year-on-year (YoY), driven by increases in energy prices and the cost of fresh food. This inflation rate, the highest in 8 years and 4 months, was primarily attributed to rises in electricity costs, world oil prices, and the price of pork and fresh vegetables. Despite this, improvements in the demand and supply situation, aided by government stimulus measures and a recovering global market, have been noted. However, the economic recovery is currently threatened by the new wave of COVID-19 infections. The inflation rate for 2021 is projected to be between 0.7% and 1.7%, with the middle value being +1.2%, which is expected to support economic growth. The CPI also increased by 1.38% month-on-month (MoM) and by 0.43% against the previous year from January to April 2021 (AoA).
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
Commerce revealed April '64 inflation rose 3.41%, a 14-month high, driven by higher oil and fresh food prices. If the situation changes, the inflation forecast will be revised again. While full-year inflation was 1.2%. On May 5, 2021, Mr. Wichanan Niwatchinda, deputy director of the Office of Trade Policy and Strategy (OTP), revealed that the general consumer price index (CPI) or headline inflation for April 2021 was 100.48 increase. Up 3.41% compared to the same month last year. This was a result of higher energy prices and fresh food prices. As a result, inflation has returned to expand again in 14 months and the highest expansion in 8 years and 4 months, together with the government's measures to reduce the cost of living for public utilities. As a result, the average first four months of this year 2021 (Jan-Apr) inflation increased 0.43%. “Inflation in April 2021 has increased exponentially. From key factors in the energy category Especially the increased electricity cost ...
Source: Prachachat
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