A customer shops in Gourmet Market supermarket in Bangkok. Headline inflation, gauged by the consumer price index, decelerated by 0.44% year-on-year in November. (Photo: Reuters)
Thailand registered a second consecutive monthly decline in headline inflation, reaching its lowest level in 33 months in November, while the Commerce Ministry recently predicted the rate will decelerate again in December.
These developments have raised concerns about heightened risks of both an economic slowdown and deflation in Thailand.
What is deflation?
Deflation is a condition when the prices of goods and services fall over a period…
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