InfoQuest (September 8, 2021) -- According to the Trade Policy and Strategy Office (TPSO) of the Ministry of Commerce, the consumer price index (CPI) in August dropped by 0.02 percent from last year, marking the second decline since March, as a result of government measures to curb excessive price increase and reduce public burden. Some fresh food prices fell and energy bulk commodities recorded slow growth. From January to August, CPI rose by 0.73 percent year-on-year.
In August, core CPI slightly rose by 0.07 percent from last year. In the first eight months, core CPI increased by 0.23 percent from the previous year.
The Ministry of Commerce set the annual inflation target in 2021 within the range of 0.7 and 1.7 percent, which will be adjusted at the next press conference. The annual inflation rate is expected to be 0.7-0.8 percent.
Source: InfoQuest, by Kasamarporn Kittisamphan/ Rachada Kongkhunthian, translated by Xinhua Silk Road
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