The Ministry of Commerce in Thailand revealed that July’s headline inflation saw less acceleration than anticipated, credited largely to a dip in food and energy costs. Meanwhile, forecasts by the agency anticipate the inflation rate’s upturn by less than 1% per month until the year concludes.
July’s year-on-year headline inflation amounted to a 0.38% rise, measured via the consumer price index, according to yesterday’s announcement by the Commerce Ministry. This was higher than the June figure which saw a 0.23% increase.
Significant factors pushing this upward trend were a 1% year-on-year inflation of food and non-alcoholic drink prices elucidated Poonpong Naiyanapakorn, the head of the Trade Policy Strategy Office. Goods noticing an uptick in prices were various fresh vegetables and fruits such as eggplants and limes, eggs, rice and…
