Thai July headline CPI drops 0.98% year-on-year, smaller than forecast fall

[webfact]

Thai July headline CPI drops 0.98% year-on-year, smaller than forecast fall

 

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) contracted 0.98% in July from a year earlier, a smaller than expected drop, commerce ministry data showed on Thursday.

 

The reading compared with a forecast for a fall of 1.46% in a Reuters poll, and June's 1.57% decline.

 

The core CPI index rose 0.39% from a year earlier, compared with a forecast of 0.0%. That compared with June's 0.05% dip, which was the first drop in more than 10 years.

 

(Reporting by Kitiphong Thaichareon; Writing Orathai Sriring; Editing by Ed Davies)

 

-- © Copyright Reuters 2020-08-06

 

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[Isaan sailor]

Food prices at Tesco-Lotus, Makro and Topps don’t seem any lower.  In fact, much higher.

[Snow Leopard]

12 minutes ago, Isaan sailor said:

Food prices at Tesco-Lotus, Makro and Topps don’t seem any lower.  In fact, much higher.

Totally agree but the biggest percentage of the nonsense CPI numbers is housing. Pretty sure rents have come down. Also fuel prices are down as well. 

 

Runaway inflation is just around the corner or stagflation.