Thailand: Oil and fresh food prices push inflation in May up 2.44%

Published 2021년 6월 4일

Tridge summary

In May 2021, Thailand's inflation rate increased by 2.44%, marking the second consecutive month of rise, primarily due to higher oil and fresh food prices. However, the inflation rate was lower than the previous year, largely due to government initiatives to reduce electricity and water costs. The five-month average inflation rate in 2021 was 0.83%, with core inflation at 0.23%. The Office of Trade Policy and Strategy predicts that inflation will continue to rise in June 2021, but at a slower pace than May. The Thai economy is expected to expand properly with an inflation rate of 0.7-1.7% in 2021, but the target may be revised if the situation changes significantly.

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

Original content

Commerce reveals inflation in May 64 increased by 2.44%, expanding for the second month in a row due to the price of oil, fresh food, but still benefited from the reduction in electricity, water supply and some foods. Slow down to prevent inflation from rising too quickly. Expect the month of June to move up again. The full year remains the same target of 0.7-1.7%. On June 4, 2021, Mr. Wichanan Niwatchinda, Deputy Director of the Office of Trade Policy and Strategy (PPO) 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. due to rising energy prices and some fresh food There are measures to reduce electricity and water bills of the government sector. It is a factor that prevents inflation from expanding too high. For other goods and services still moving in the normal direction. The five-month average ...

Source: Prachachat