THE PAVILIONS PHUKET BRITISH INTERNATIONAL SCHOOL, PHUKET
THE PAVILIONS 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.

Laguna Golf 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
Royal Rainmakers show Phuket’s reservoirs from the sky, to continue efforts

The estimated little to moderate rainfall over Phuket is just West Monsoon rainfall. It is the wet s...(Read More)


Royal Rainmakers show Phuket’s reservoirs from the sky, to continue efforts

That whole rain-making attempt above Phuket is a big joke. 1: The air above Phuket is to 'salty...(Read More)


Home where doomed ‘pretty’ partied in spotlight

What actually is the role of 'product presenters' ( pretty boys and girls) on private partie...(Read More)


Home where doomed ‘pretty’ partied in spotlight

The product presenters, 'friends' of the lady who was found dead in lobby, looked happy and ...(Read More)


Lilly, Thailand's Greta Thunberg, wages ‘war’ on plastic

US citizens were just as slovenly as Thais are now. Without a concerted, effective education and ad ...(Read More)


Phuket cleanup unveils tale of two beaches

Why hasn’t Surin beach been cleaned up. It’s a disgrace and what happened to redeveloping and ...(Read More)


Phuket to hold mass cycling event to mark World Car Free Day

..due to illegal thai farmers fires. Even Chiang Mai Airport has to be closed sometimes due to thick...(Read More)


Phuket to hold mass cycling event to mark World Car Free Day

Sumatra, S'pore. Malaysia, southern Thai provinces suffer under a thick layer of SMOG due to far...(Read More)


Phuket water-supply pipeline from Phang Nga approved by Cabinet

Looks like the expert on everything can't decide for what year he want to predict a start for th...(Read More)


Woman killed as Phuket truck slams motorbike, brake failure blamed

how can you wear a black motorbike [black motorbike helmet - stupid mistake now fixed - thank you fo...(Read More)