InfoQuest (January 2, 2020) -- Thailand's consumer price index (CPI) in December 2019 was 102.62, up 0.87 percent from the same period of the last year and 0.01 percent from the last month, making the average inflation rate on 0.71 percent in 2019, according to the Trade Policy and Strategy Office (TPSO).
"The overall inflation rate hits a five-month high in December 2019, which can be considered a stable figure. The increase was mainly attributed to higher prices for fresh food and the lowest contraction in energy prices in eight months," said Ms. Pimchanok Vonkorpon, director-general of the TPSO.
In December, the core CPI stood at 102.80, a year-on-year increase of 0.49 percent and an increase of 0.03 percent over the last month, bringing the core inflation rate to an average increase of 0.52 percent in 2019.
The index of food & non-alcohol beverage was 104.40, a year-on-year increase of 1.73 percent, yet dropping by 0.13 percent from the last month. The index of non-food and beverage was 101.63, up 0.38 percent from the same period of the last year and 0.09 percent from November 2019.
According to the TPSO, the average inflation rate in 2019 is within the expected framework of 0.7-1.0 percent set by the Ministry of Commerce, and the inflation rate in 2020 is expected to be in the range of 0.4-1.2 percent.
Source: InfoQuest, by Kasamarporn Kittisamphan / Rachada / Sasithorn, translated by Xinhua Silk Road
Notice: No person, organization and/or company shall disseminate or broadcast the above article on Xinhua Silk Road website without prior permission by Xinhua Silk Road.
A single purchase
