Thai November headline inflation rate seen easing to one percent - Reuters poll

[webfact]

Thai November headline inflation rate seen easing to one percent - Reuters poll

 

FILE PHOTO: A vendor sells snacks at a market in Bangkok, Thailand March 31, 2016. REUTERS/Jorge Silva/File Photo

 

BANGKOK (Reuters) - Thailand's annual headline inflation rate may have slowed in November but remained within the central bank's target range for an eighth straight month, a Reuters poll showed.

 

The median forecast of 11 economists was for the headline consumer price index (CPI) to rise 1.0 percent in November from a year earlier. In October, the index was up 1.23 percent.

 

The Bank of Thailand (BOT) has forecast 2018 headline inflation of 1.1 percent, against its 1-4 percent target range.

 

The core inflation rate, which strips out energy and fresh food prices, was seen at 0.75 percent in November, the same as in October, according to the poll.

 

The BOT has left its policy interest rate unchanged at 1.50 percent since April 2015. It will next review policy on Dec. 19, when some economists expect the first rate hike since 2011.

 

(Reporting by Orathai Sriring; Editing by Gopakumar Warrier)

 

-- © Copyright Reuters 2018-11-30

[Srikcir]

8 hours ago, webfact said:

The median forecast of 11 economists was for the headline consumer price index (CPI) to rise 1.0 percent in November from a year earlier. In October, the index was up 1.23 percent.

Thailand's CPI is a composite (average?) of eight commodity sectors gathered by Regions.

From Bank of Thailand's CPI statistics of the Northeastern Region

http://www2.bot.or.th/statistics/ReportPage.aspx?reportID=878&language=eng

I computed the simple average CPI between Dec. 2017 versus Sep. 2018 for All Commodities as 1.30%

But when one drills down into the sector level, there's quite a fluctuation of CPI between commodities, some to which low-income people are very vulnerable.