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4 Dec 2012

Thai Economy

2013 Inflation May Rise to 3.0-3.6%, from 3.0% in 2012 (Business Brief No.3388 Full Ed.)

คะแนนเฉลี่ย
The November Inflation rate reflected lower-than-expected inflationary pressure. Headline inflation stood at 2.74 percent YoY, the lowest level in three months, down from 3.32 percent in October. Consumer goods prices dropped 0.35 percent MoM, led by fresh vegetables and fruit that fell 13.43 and 4.6 percent MoM, respectively, after the end of the Kin Jae Festival and with greater supply entering the market. Meanwhile, retail oil prices fell in line with global crude oil prices that helped cushion the impact of rising costs and the cost of living.
Excluding food and energy prices, November Core Inflation climbed to 1.85 percent YoY, from 1.83 percent YoY in October. Consumer goods prices were rather stable in line with the price freeze undertaken by many producers until the yearend.

KResearch has assessed that Thai inflation may edge higher early next year amid such challenges as the need for stricter cost management, especially with hefty wage hikes and a gradual increase in domestic energy prices. Meanwhile, demand-pull inflation may rise gradually in line with higher domestic spending. However, KResearch forecasts that inflation may ease in 2H13. Overall, inflation for 2013 may average 3.0-3.6 percent, compared to the 2012 average of 3.0 percent.

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Thai Economy