Kata Rocks
Oak Maedow Phuket BRITISH INTERNATIONAL SCHOOL, PHUKET Kata Rocks
The Phuket News Novosti Phuket Khao Phuket

Login | Create Account | Search


Inflation falls for third month

Inflation falls for third month

BANGKOK: Inflation in the first half of this year was reported at 0.92%, while inflation in June was reported at 0.87% due to continually falling oil prices, reports the state news agency NNT.

economics
By National News Bureau of Thailand

Sunday 7 July 2019, 10:00AM


Phimchanok Wornkhorphorn, Director of the Ministry of Commerce’s Trade Policy and Strategy Office. Photo: NNT

Phimchanok Wornkhorphorn, Director of the Ministry of Commerce’s Trade Policy and Strategy Office. Photo: NNT

Phimchanok Wornkhorphorn, Director of the Ministry of Commerce’s Trade Policy and Strategy Office, on Monday (July 1) said the ministry has again adjusted inflation forecasts for the whole of 2019 to between 0.7% and 1.3%, or an average of 1% – compared with earlier forecasts of 0.7% to 1.7% or an average of 1.2%. (See story here.)

The latest adjustment was in line with the country’s current economic situation, Mr Phimchanok said.

The Consumer Price Index rose 0.87% in June for the fresh food category, such as vegetables and fruit, which may have been damaged during the rainy season causing a price increase of 12.7%, Mr Phimchanok reported.

Diamond Resort Phuket

Other goods, which have sold at higher prices, included rice and pork, he said.

However, oil prices had dropped 5.62%, thus slowing June’s inflation for a third consecutive month, compared to a 1.15% increase in oil prices earlier this year.

Director Phimchanok assured that Thailand was not in a tight financial situation as manufacturers had continued to generate income and the prices of many farm goods have risen, including rice, raw palm and rubber. 

Comment on this story

* Please login to comment. If you do not have an account please register below by simply entering a username, password and email address. You can still leave your comment below at the same time.

CAPTCHA

Be the first to comment.

 

Have a news tip-off? Click here

 

Phuket community
Phuket’s notorious Nui Beach club finally torn down

Great, and the next ate the illegal building between Ao Sane and Nai Harn beach. ...(Read More)


Phuket’s notorious Nui Beach club finally torn down

Only took 5 years. Will they be back before high season (if there is one) for another 5 year run....(Read More)


No US base in Thailand: Apirat

they should not let that delegation enter thailand. covid19 is just detectable with tests 5 days aft...(Read More)


Bangla workers plea to health ministry for help

Must say, that many 'unskilled' Bangla labour' speak better english and are certainly m...(Read More)


Task force to be formed to track tourists

Check and Track only the Foreign Tourist from moment the Thai airspace opens? That is message of all...(Read More)


Bangla workers plea to health ministry for help

@Galong. Bangla Road must be like Sodom and Gomorrah for you.For the sake of moral decency you would...(Read More)


Bangla workers plea to health ministry for help

Den Alder.... you described it correctly. The problem is that common sense is unfortunately absent i...(Read More)


Phuket restaurant in hot water over charging tourists high prices

DEK... I comment where I want and about what I want... Its called freedom of speech. If you like it ...(Read More)


Phuket restaurant in hot water over charging tourists high prices

"Another brilliant example why foreigners should refrain from visiting..." And some should...(Read More)


Bangla workers plea to health ministry for help

Bangla is nothing but unskilled labor relying on sleaze and exploitation. It's one of the tacki...(Read More)