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Thailand’s headline CPI sees unanticipated drop in December


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Thailand’s Commerce Ministry announced today that the country’s headline consumer price index (CPI) experienced a 0.83% decrease in December compared to the same period a year earlier. This figure is a steeper drop than the 0.44% year-on-year decrease seen in the preceding month.


Contrasting with the anticipated 0.30% fall for December as per a Reuters poll, the actual result was a more significant decrease. Additionally, the core CPI recorded an upward motion of 0.58% year-on-year in December. This figure narrowly missed the forecasted increase of 0.60%.

 

The data underscores the ongoing economic challenges faced by Thailand, particularly in the wake of global financial disruptions.


While the numbers may paint a bleak picture, they also present an opportunity for the country to reassess and adapt its economic strategies to counter such volatilities.

 

by Alex Morgan 

Photo via Freepik

 

Full story: The Thaiger 2024-01-06

 

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  • Heart-broken 1
Posted

So, prices going up was bad last year, now prices going down is bad this year? Maybe this is more BS to justify the PM's corny, inflationary, eWallet thingy.

  • Agree 1
  • Thumbs Up 1
Posted

Thais are born optimists and can only see through rose-coloured glasses; look at TAT's figures.  It also helps if you are useless at sums.

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