Thailand: Expensive oil and fresh food; inflation in May increased by 2.44%

Published 2021년 6월 4일

Tridge summary

Thailand's inflation rate in May 2021 decreased by 0.93% compared to the same month in 2020, but rose by 2.44%, marking the second month of expansion at a slower pace, largely due to an increase in energy prices, especially fuel, and higher prices of fresh food items such as pork, seafood, and fruit. However, reductions in electricity and water bills, along with lower prices of items like glutinous rice, chicken eggs, and fresh vegetables, helped mitigate the inflationary pressure. The Office of Trade Policy and Strategy predicts that inflation for 2021 is likely to range between 0.7-1.7%, with a projected median of 1.2%, a rate that should support economic growth.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Mr. Wichanan Niwatchinda, Deputy Director of the Office of Trade Policy and Strategy (OCP) revealed that the consumer price index (Headline inflation) in May 2021 was 99.55 compared to April 2021, decreased by 0.93% compared to May 2020, increased by 2.44%, expanding for the second month, but increasing at a slower rate. down The five-month average inflation rate of 2021 (Jan.-May) increased by 0.83%, while core inflation Excluding raw food and energy prices with fluctuations in prices, the index was at 100.45, down 0.11% compared to April 2021 and 0.49% compared to May 2020 and the five-month average. 0.23% increase The reason why inflation continues to expand This came from an increase in energy prices by 24.79%, especially fuel. Increased as high as 36.49% and there was also an increase in fresh food products such as pork, seafood, fruit, which increased according to the demand of both domestic and international markets. But it has benefited from the measures to reduce ...

Source: Ththansettakij