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Price inflation stays lower than expected

Aug 25. 2017
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By The Nation

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Thailand's Consumer Price Index (CPI) in August is expected to rise 0.25 per cent, with 0.5 per cent core inflation, according to DBS Bank research.

“While the Bank of Thailand (BOT) suggested that they are not looking to cut rates anytime soon, we continue to expect inflation coming in softer than expected and undershoot the 2.5 per cent target for quite some time,” the Bank stated in a press release. 

DBS said the CPI continues to show no signs of life at 0.5 per cent inflation for the month, clearly indicating the lack of demand-pull inflationary pressures. 

“Getting CPI inflation back to 2.5 per cent, and beyond, looks to be increasingly tougher now. At the earliest, one can expect a late-2019 [to] early-2020 date for CPI inflation to return to the central bank’s comfort zone,” it added.

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