The August Consumer Price Index (CPI) fell for the third consecutive month by 0.08 percent MoM, thus causing August Headline Inflation to decline to a six-month low of 2.09 percent YoY, down from the 2.16 percent YoY pace reported in July. Meanwhile, Core Inflation, excluding fresh food and energy prices, stood at 1.83 percent YoY, up slightly over the 1.81 percent YoY pace in July.
Over the remainder of 2014, it is expected that inflation will ease steadily after the NCPO began implementing fuel price restructuring on August 29, and the Energy Regulatory Commission has resolved to leave the utility electric power “Ft” charge for the final round of 2014 unchanged. In addition, many consumer product prices may not increase much, given cooperation being made with operators to stabilize product prices. Given this, it is expected that the average inflation rate during the final two quarters of 2014 will ease to perhaps 2.0 percent YoY, prompting us at KResearch to revise downward our 2014 inflation growth forecast to 2.1 percent, from 2.6 percent before.
Amid easing inflation, it is expected that the Monetary Policy Committee (MPC) may keep its policy rate steady at 2.00 percent over the coming months to help support our economic recovery during the remainder of this year.
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.