Thailand's May consumer inflation reaches 14-year high

[webfact]

Vendors are seen at a food market in Bangkok, Thailand, March 30, 2022. (Xinhua/Rachen Sageamsak)

 

Source: Xinhua | Editor: huaxia

 

Thailand's May consumer inflation rose to the highest level since July 2008. The Ministry of Commerce attributed the CPI growth to higher food prices and energy costs.

 

BANGKOK, (Xinhua) -- Thailand's consumer inflation rose at a faster-than-expected pace of 7.1 percent year-on-year in May, the highest level since July 2008, on soaring energy and food prices, official data showed on Monday.

 

Growth of the country's consumer price index (CPI), a main gauge of inflation, exceeded April's 4.65 percent and beat a market expectation of 5.78 percent for May.

 

On a monthly basis, the CPI rose 1.4 percent from April, according to the Ministry of Commerce.

 

Full story: https://english.news.cn/20220607/83bb40e8ba324c26a81022846dea8d34/c.html

 

-- © Copyright Xinhua 2022-06-11

 

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[Excel]

Those in control of this country won't worry too much about that as inflation only disproportionately badly impacts the poor so they will have no concerns about that.

[sanuk711]

We have all got to make adjustments--- I've had to give up smoking.

 

Lat week  it just cost me nearly 800 Baht to fill up my zippo lighter .

[Will B Good]

Not one word, ever, about the extortionate profits made by the six big families......strange?

[worgeordie]

While interest rates are staying very low , everything to help

those who are in debt. maybe understandable as they are the

majority.....

regards Worgeordie

[jacko45k]

Just now, sanuk711 said:

We have all got to make adjustments--- I've had to give up smoking.

 

Lat week  it just cost me nearly 800 Baht to fill up my zippo lighter .

The anti-inflation rioters can hardly afford to make petrol bombs these days!

[hotchilli]

6 hours ago, webfact said:

Thailand's consumer inflation rose at a faster-than-expected pace of 7.1 percent year-on-year in May, the highest level since July 2008, on soaring energy and food prices, official data showed on Monday.

Pryaut said he'd keep an eye on rising prices, I wonder when he'll do something about it instead of watchng.

[hotchilli]

5 hours ago, Will B Good said:

Not one word, ever, about the extortionate profits made by the six big families......strange?

CP must be rubbing their hands with the huge profits.

[StayinThailand2much]

"The Bank of Thailand raised its inflation forecast for this year to 4.9 percent (...)"

 

That seems very optimistic now. 

Edited June 11, 2022 by StayinThailand2much

[trainman34014]

17 % in June...20% in July and so on ?