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5 Sep 2024

Thai Economy

Inflation hit a four-month low of 0.35% YoY in August 2024; the full-year forecast of KResearch is revised downward to 0.5% (Business Brief No.4081 Full Ed.)

คะแนนเฉลี่ย
  • Thailand’s headline inflation dropped from the previous month to stand at 0.35 percent YoY in August 2024, its lowest level in four months. This decline was driven by falling fuel and electricity prices.
  • In 8M24, the headline inflation was lower than expected, averaging 0.15 percent YoY. Given this, KResearch has revised downward its forecast for full-year 2024 headline inflation to 0.5 percent from the previous projection of 0.8 percent.
  • However, domestic headline inflation is expected to pick up, especially during 4Q24 due to the low base effect of 4Q23.

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Thai Economy