Thailand’s May consumer prices on highest rise
Thailand ’s Consumer Price Index (CPI) continued the upward trend in
May, hitting the highest level in the past 14 months, driven by the
price hikes in food and energy.
Thailand ’s Consumer Price Index (CPI) continued the upward trend in
May, hitting the highest level in the past 14 months, driven by the
price hikes in food and energy.
The index based on 450 items rose by 2.6 percent year-on-year in May after a 2.45 percent increase in April. This was mainly due to higher prices for food and non-alcoholic drinks, up by 4.39 percent over the same period last year.
Meanwhile, CPI in the first five months of this year surged 2.2 percent on an annual basis.
Core inflation, excluding fresh food and fuel prices, is based on 312 products and services and posted a year-on-year increase of 1.4 percent, within the Bank of Thailand’s target range of 0.5 percent to 3 percent.
Adviser to the Thai Ministry of Commerce Ampawon Pichalai said the ministry expects inflation to stand at 2.5 percent in the second quarter and 2.25 percent on average in the first half.
However, the ministry will maintain its full-year inflation forecast at 2.6 percent, she added.-VNA
The index based on 450 items rose by 2.6 percent year-on-year in May after a 2.45 percent increase in April. This was mainly due to higher prices for food and non-alcoholic drinks, up by 4.39 percent over the same period last year.
Meanwhile, CPI in the first five months of this year surged 2.2 percent on an annual basis.
Core inflation, excluding fresh food and fuel prices, is based on 312 products and services and posted a year-on-year increase of 1.4 percent, within the Bank of Thailand’s target range of 0.5 percent to 3 percent.
Adviser to the Thai Ministry of Commerce Ampawon Pichalai said the ministry expects inflation to stand at 2.5 percent in the second quarter and 2.25 percent on average in the first half.
However, the ministry will maintain its full-year inflation forecast at 2.6 percent, she added.-VNA
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