Oil and food are expensive in Thailand that leads to pushing inflation up to 1.25% in June

Published 2021년 7월 5일

Tridge summary

In June 2021, Thailand's inflation rate increased by 1.25%, with the general consumer price index (CPI) at 99.93, showing a 0.38% rise from June 2020. This inflation rate, which is the third consecutive month of increase, brings the annual inflation to 1.2%. The inflation rate is expected to range between 0.7% to 1.7% for the year, with the mean value at 1.2%, driven by higher oil and fresh food prices. The inflation forecast for the third and fourth quarters is 2.13% and 2.37%, respectively, largely due to oil and rice prices. The government is considering measures to reduce the cost of living and control inflation, including adjustments in electricity and water bills.

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

Original content

Commerce reveals inflation in June '64 expanding by 1.25 % as a result of higher oil and fresh food prices. while inflation for the year was 1.2%. On July 5, 2021, Mr. Wichanan Niwatchinda, deputy director of the Office of Trade Policy and Strategy (OCP), revealed that the general consumer price index (CPI) or headline inflation for June 2021 was 99.93 compared to the month of November. 2021, increased by 0.38% compared to June 2020, increased by 1.25%, expanding for the third month, but increasing at a slower rate. The six-month average inflation rate of 2021 (Jan.-June) increased by 0.89% while core inflation Excluding raw food and energy prices with fluctuations in prices, the index was at 100.47, up 0.02% compared to May 21 and 0.52% compared to June 2020 and the six-month average. increased by 0.27% In addition, inflation that expanded this month also showed signs that demand for a variety of commodities is recovering. especially products related to exports and imports such ...

Source: Prachachat