webfact Posted March 7, 2021 Share Posted March 7, 2021 Thai Feb headline CPI drops 1.17% year-over-year, seen down again in March FILE PHOTO: A mother and her daughter shop for bananas at a market in Bangkok, Thailand, March 31, 2016. REUTERS/Athit Perawongmetha BANGKOK (Reuters) - Thailand's headline consumer price index in February dropped a bigger than expected 1.17% from a year ago due to lower food prices and government measures to curb living costs, particularly utility bills, the commerce ministry said. The February reading, marking a 12th straight month of decline, compared with a forecast fall of 0.20% in a Reuters poll and January's 0.34 decline. Without the government measures, the index would have fallen only 0.12%, ministry official Phusit Ratanakul Sereroengrit told a briefing on Friday. The main index is likely to fall again in March but at a slower pace, he said. The ministry has forecast headline inflation at 0.7-1.7% this year, with prices picking up from the second quarter. In February, the core CPI index rose 0.04% from a year earlier, compared with a forecast of a 0.17% increase. In January-February, the headline CPI index dropped 0.75% from a year earlier, while the core rate rose 0.12%. (Reporting by Kitiphong Thaichareon; Writing by Orathai Sriring; Editing by Ed Davies) -- © Copyright Reuters 2021-03-08 - Whatever you're going through, the Samaritans are here for you - Follow Thaivisa on LINE for breaking COVID-19 updates Link to comment Share on other sites More sharing options...
ozz1 Posted March 7, 2021 Share Posted March 7, 2021 and yet the baht stays strong it has to affect exports surely Link to comment Share on other sites More sharing options...
ThailandRyan Posted March 7, 2021 Share Posted March 7, 2021 Stagflation on the horizon. Link to comment Share on other sites More sharing options...
Jimbo2014 Posted March 8, 2021 Share Posted March 8, 2021 The annual cycle of reporting growth prediction reductions is well underway and its only March. ???? Link to comment Share on other sites More sharing options...
trainman34014 Posted March 8, 2021 Share Posted March 8, 2021 Lower food prices ? Supermarkets just keep piling it on; more expensive than Europe, Oz and USA. Mrs constantly moans about Markets hiking prices lately as well ! Link to comment Share on other sites More sharing options...
Knocker33 Posted March 8, 2021 Share Posted March 8, 2021 Cooking oil up to 50 baht a liter.Bit of a big rise there. Link to comment Share on other sites More sharing options...
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