Energy, food prices drive Thai headline inflation in April up 4.65% y-o-y

[webfact]

 

By Panithan Onthaworn

 

Thailand’s headline consumer price index (CPI) in April climbed by 4.65 per cent year-on-year, down from the previous month but still nearing a record high in 13 years, the Commerce Ministry said on Thursday.

 

After hitting a decade-high of 5.73-per-cent rise in March, the headline inflation in April kept rising in the wake of Russia’s invasion of Ukraine, said Ronnarong Phoolpipat, director-general of the ministry’s Trade Policy and Strategy Office.

 

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From the beginning of this year, the inflation rate has surpassed the Bank of Thailand’s targeted range of 1 to 3 per cent. In February, the CPI rose by 5.28 per cent year-on-year, following a jump of 3.23 in January.

 

Full story: https://www.thaienquirer.com/39887/energy-food-prices-drive-thai-headline-inflation-in-april-up-4-65-y-o-y/

 

-- © Copyright Thai Enquirer 2022-05-06

 

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[hotchilli]

4 hours ago, webfact said:

After hitting a decade-high of 5.73-per-cent rise in March, the headline inflation in April kept rising in the wake of Russia’s invasion of Ukraine, said Ronnarong Phoolpipat, director-general of the ministry’s Trade Policy and Strategy Office.

BS

It has nothing to do with Ukraine, that's just a convenient cop-out.

[david555]

18 minutes ago, hotchilli said:

BS

It has nothing to do with Ukraine, that's just a convenient cop-out.

Just all are now joining the rise pricing opportunnity train ....

Normal Lotus price for Auss.Muesli was 95/110 ,,,last month 125 ....yesterday 145 baht .....should let it stand on shelves as others it shall go next month 165 baht ....

 

Just 1 example 

 

Buy only your real needs you really cant't miss ....

Edited May 6, 2022 by david555

[Cake Monster]

When the rest of the World are experiencing Inflation that is running at 8 - 10 %, amazing Thailand has managed to keep the lid on it somehow at a magical 4.65 %.

I think I need to call Tosh on this one.

[Eric Loh]

37 minutes ago, Cake Monster said:

When the rest of the World are experiencing Inflation that is running at 8 - 10 %, amazing Thailand has managed to keep the lid on it somehow at a magical 4.65 %.

I think I need to call Tosh on this one.

Lots of government measures to influence the cost of living contribute to the relatively mid range inflation.Overall, the goods and services for which prices that are government managed accounts for about 35% of the CPI basket. Really a distortion to real market prices and output with controlled prices.

[itsari]

58 minutes ago, Cake Monster said:

When the rest of the World are experiencing Inflation that is running at 8 - 10 %, amazing Thailand has managed to keep the lid on it somehow at a magical 4.65 %.

I think I need to call Tosh on this one.

Main reason for the lid as you call it is because the Thai Government is subsidizing diesel fuel 

[Dumbfounded]

Most of the inflation is because CP tend to raise prices whenever they want with no one to stop them, and now certain stock is only available at certain supermarkets. My local 7-11 no longer sells Leo 12 bottle cartons but have plenty of 6 packs, so buy 2 and pay an extra 20b+, my coconut oil brand no longer at tesco (lotus) now only from makro and up 20b, seeing plenty of examples every day