Inflationary pressure amid the 2013 yearend period was low in line with lackluster economic signals in Thailand. December 2013 Headline Inflation stood at 1.67 percent YoY, down from 1.92 percent YoY in November but higher than the 1.5-1.6 percent YoY projected by KResearch and Reuter's poll of analysts. Meanwhile, Core Inflation had edged up for a third straight month to 0.91 percent YoY in December, from 0.85 percent YoY and 0.71 percent YoY in November and October, respectively.
We at KResearch estimate that inflation early in 2014 may be steady, or inch up only slightly, but Headline Inflation will likely average close to 2.0 percent YoY during 1Q14. Factors that may increase consumer goods prices include Baht depreciation, LPG price hike in the household and transportation sectors, the electric power Ft surcharge, which is to rise by five satang per unit January and April and a low 1Q13 base of comparison.
However, KResearch is of the view that inflation will be around 2.2-2.6 percent overall during 2014, given that global fuel and commodity prices increase progressively. For that reason, rising inflationary pressure should not pose any risk to our economic activity for the time being, as long as the Thai economy rebounds this year, as expected. One of the main focuses will be solutions to the nation's ongoing political turmoil.
Enter the code from the poll
Annotation
This research paper is published for general public. It is made up of various sources. Trustworthy, but the company can not authenticate. reliability The information may be changed at any time without prior notice. Data users need to be careful about the use of information. The Company will not be liable to any user or person for any damages arising from such use. The information in this report does not constitute an offer. Or advice on business decisions Anyhow.