Friday, December 06, 2019

Inflation revised downwards

Jul 01. 2019
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By The Nation

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The Commerce Ministry has revised downwards the country's inflation this year, going from early estimates of between 0.7 per cent and 1.7 per cent, or a median estimate of 1.2 per cent, to between 0.7-1.3 per cent (median 1 per cent).

 

This is marginally higher than in 2018, showing a rise of 0.87 per cent compared to the same period of last year. 

Inflation grew slightly in June with prices of such fresh food products as vegetables, fruit, rice, and pork rising by 6.35 per cent, while energy prices dropped 3.86 per cent, the ministry said.

Meanwhile, the country's production price index in June dropped 1.1 per cent compared to the same period last year, reflecting a drop of 2.2 per cent in industrial production. 

“The strong Baht strong has had an effect on import product prices, especially energy prices, as a result of the production price index falling,” the ministry said.

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