Thailand’s Inflation rate for September has fallen to 0.30%, from 0.88% in August, and inflation for the whole year is expected to be 1.35%, thanks to energy and food price reductions.

 

According to Poonpong Naiyanapakorn, director of the Office of Trade Policy and Strategy of the Commerce Ministry, the prices of numerous food items and non-alcoholic drinks fell in September, for the first time in 23 months, by about 0.10%, particularly the prices of pork and vegetables due to increased supplies. The prices of non-food and drink items, however, were up by 0.59%.

 

Compared to the prices of 430 food items and services in September last year, about 300 food items have increased this year, among them eggs, rice and sticky rice.

 

Full story: Thai PBS 2023-10-06

 

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the whole year is expected to be 1.35%

 

Lays potato chips went from 20 Baht to 22 Baht to 24 Baht.

 

Food went from 40 Baht to 50 Baht.

 

 

 

Funny how my daily consumable necessity supply run is still going up?

4 hours ago, webfact said:

the prices of numerous food items and non-alcoholic drinks fell in September, for the first time in 23 months, by about 0.10%,

WHOA !!!!

If you believe this figure, then you like believe in the tooth fairy.  Inflation is more like 10% per annum here for years. Thai interest are so low that the baht should be 100 to the dollar.  All manipulated.

Anyone living in Thailand can tell you that's selectively fabricated. I wonder how the impact of 10,000 THB to every citizen is going to play out on inflation - my bet is more creative accounting.

Yes, but...

 

Cherry-picking of certain food items and implying that those represent a trend in inflation is, well, deceitful.

 

Some of the items in the "basket" are currently being subsidized, at great cost. Electricity and diesel fuel are just two examples.

 

https://www.nationthailand.com/thailand/policies/40028904

 

And more price controls are in place this month.

 

 

https://thethaiger.com/news/business/nationwide-price-cuts-on-150000-products-and-services-boost-uk-economy

 

Lies, simply lies.

So, if such numbers were accurate, shouldn't they worry about deflation?