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Inflation view narrows amid fluctuating prices
Business, Phusadee Arunmas, Published on 06/04/2024
» The Commerce Ministry has adjusted the outlook for headline inflation this year to a range of zero to 1.0%, from -0.3 to 1.7%, based on rising energy prices, depreciation of the baht and higher prices for fresh food.
Headline inflation up 1.54%, above forecast
Reuters, Published on 07/06/2024
» Thailand's headline consumer price index (CPI) rose 1.54% in May from a year earlier, after the previous month's annual rise of 0.19%, the Commerce Ministry said on Friday.
Ministry seeks to adjust inflation target
Business, Wichit Chantanusornsiri, Published on 28/06/2024
» The Finance Ministry wants an inflation framework that can better drive the economy forward, according to Deputy Finance Minister Paopoom Rojanasakul.
Inflation up in July, above forecast
Reuters, Published on 07/08/2024
» Thailand's headline consumer price index (CPI) rose 0.83% in July from a year earlier, after the previous month's annual increase of 0.62%, the Commerce Ministry said on Wednesday.
Inflation up in August, below forecast
Reuters, Published on 05/09/2024
» Thailand's annual headline inflation rate slowed in August, as food prices rose and energy prices fell, the Commerce Ministry said on Thursday, and remained below the Bank of Thailand's (BoT) target range of 1% to 3%.
Inflation inches up 0.35% in August
Business, Phusadee Arunmas, Published on 06/09/2024
» Inflation increased by 0.35% in August, driven by rising prices of fresh vegetables and fruit as a result of production areas damaged by floods.
US can't rely on inflation shamanism
News, James K Galbraith, Published on 23/09/2024
» Google "shamanism" and you will find that it is "a tradition of part-time religious specialists who establish and maintain personalistic relations with specific spirit beings through the use of controlled and culturally scripted altered states of consciousness." Every element of that definition applies to monetary policymaking today, as illustrated by the reaction to the US Federal Reserve's Sept 18 decision to cut the short-term interest rate by 50 basis points.
Finance Ministry pushes higher inflation target
Business, Wichit Chantanusornsiri, Published on 07/10/2024
» The Finance Ministry has proposed moving the inflation target for next year to 1.5-3.5%, rising from the existing range of 1-3%, to provide the Bank of Thailand more room to lower the policy rate.
Fuel, vegetable prices push up inflation
Business, Phusadee Arunmas, Published on 08/10/2024
» The consumer price index (CPI) rose for a sixth consecutive month in September, up by 0.61% year-on-year, driven by higher prices of diesel and some vegetables.
Bank of Thailand defends inflation target
Reuters, Published on 24/10/2024
» Thailand’s current inflation target range of 1% to 3% has “served pretty well” and should not be changed, a deputy central bank governor said on Thursday, as the government pushes for a higher price target to boost economic activity.