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Wednesday, May 15, 2024

Thailand’s June inflation rose 7.66% as energy prices continued to rise.

Ronnarong Poonpipat, director of the Office of Trade Policy and Strategy (OCP), Ministry of Commerce, revealed that the consumer price index (CPI) or headline inflation in June was at 107.85, an increase of 7.66% from the range. same year And higher than the market expectation of 7.5% and a slight increase of 0.90% from May 65, bringing the average headline inflation in the first half of the year up 5.61%.

Meanwhile, the Core CPI, or core inflation, was at 102.99, an increase of 2.51% from the same period last year and 0.24% from May 65, resulting in First half average core inflation rose 1.85%

However, if you look at the dimension of inflation in June This found that the main factor remains energy prices. Both fuel, electricity and cooking gas which accounted for 61.83%, causing headline inflation to expand by 7.66%.

The NPC maintains its full-year inflation forecast unchanged. It is predicted that Thailand’s headline inflation in 2022 will move in the range of 4.0 – 5.0% (mean value is 4.5).

The Director General of the Office of the Insurance Commission said that the current inflation rate in Thailand Considered to be among the countries with low inflation, most recently, Thailand’s inflation rate was 87th in May, compared to a total of 123 countries, while the country with the highest inflation rate was 211%. of Thailand is therefore considered to be at a low level compared to other countries.

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