Thailand: April inflation highest in 8 years and 4 months

Published 2021년 5월 5일

Tridge summary

In April 2021, Thailand saw a return of inflation, with a consumer price index increase of 3.41% compared to the previous year, marking the highest rise in over 8 years. This inflation surge was primarily driven by a significant increase in oil prices and the end of measures to reduce public utility costs. Additionally, fresh food prices rose due to adverse weather conditions impacting yields. However, prices for non-food and beverages, housing, and certain categories like rice, eggs, and dairy products saw a decrease. Looking ahead, headline inflation in May is expected to rise further due to high energy prices, although economic stimulus measures and a recovering global market could mitigate the impact. For 2021, inflation is forecasted between 0.7% and 1.7%, a rate that should support economic growth while monitoring the impact of COVID-19 and potential impacts of weather on food prices.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Mr. Wichanan Niwachinda, Deputy Director of the Office of Trade Policy and Strategy Disclose the consumer price index (Headline inflation) in April 2021 that it returned to expansion again in 14 months and the highest growth in 8 years and 4 months due to the continual increase in oil prices this year compared to base prices. That was very low in the previous year. In addition, the measures to reduce the cost of living in public utilities have ended. In addition, many types of fresh food rose in line with the declining yield. While other products and services Continues to move in normal direction However, this month's inflation. It was 3.41% higher compared to the same month last year, mainly due to a 36.38% jump in energy products (compared to 1.35% last month), partly due to the very low base of oil prices last year. before And the retail price of fuel in the country this year has continued to increase according to the world market price. Together with measures to reduce ...

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