Inflation outlook stable for February
CPI jumped by 3.23% last month due to energy prices
The Commerce Ministry expects headline inflation in February to increase slightly after a larger than expected surge in January.
Ronnarong Phoolpipat, director-general of the Trade Policy and Strategy Office, said the February headline inflation rate is expected to move in line with the economy, especially in terms of retail gasoline prices, which have gained steadily in parallel with global prices. Another consideration is the low-price base in February 2021.
Rising production costs including raw materials, logistics and wages as well as the end of the land and building tax reduction in 2022 would affect the manufacturing sector, and eventually the prices of goods and services, he said. External factors such as increasing…
