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Thai Feb inflation slows to 0.74%, slightly below forecast


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Thai Feb inflation slows to 0.74%, slightly below forecast

 

2020-03-05T035612Z_1_LYNXMPEG2407D_RTROPTP_4_THAILAND-ECONOMY-INFLATION.JPG

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 (CPI) in February rose 0.74% from a year earlier, slowing from the previous month and below expectations, commerce ministry data showed on Thursday.

 

A Reuters poll had forecast the headline CPI would rise 0.77% year-on-year in February after January's 1.05% increase.

 

The headline reading was below the Bank of Thailand's 1%-3% target range.

 

The annual core inflation rate was 0.58% in February, higher than a forecast of 0.50%, and above 0.47% in January.

 

In the January to February period, headline inflation was 0.89% and core inflation was 0.53%.

 

The commerce ministry has forecast headline inflation of between 0.4% and 1.2% for 2020.

 

(Reporting by Kitiphong Thaichareon; Writing Orathai Sriring; Editing by Christian Schmollinger)

 

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-- © Copyright Reuters 2020-03-05
Posted
5 hours ago, webfact said:

The commerce ministry has forecast headline inflation of between 0.4% and 1.2% for 2020.

That's a wide enough range for even the worst charlatans, sorry, economists, accountants and or analysts to get it wrong.

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