Thailand’s headline CPI sees unanticipated drop in December

[webfact]

 

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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[Tropicalevo]

Only unanticipated by those with blinkered eyes that are focused on the trough.

Anyone who thinks that Thailand is in a good place economically right now should stop smoking dope and or taking the happy pills.

Edited January 6 by Tropicalevo

[soalbundy]

The CPI is dropping everywhere because of a lack of discretionary money causes a lack of demand, it's falling for the wrong reasons.

[StayinThailand2much]

Looks like deflation has arrived in Thailand, perhaps mirroring trends in China...

Edited January 6 by StayinThailand2much

[dinsdale]

All dodgy numbers. Same in every country. It's more than likely worse than these numbers.

[Ben Zioner]

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.

[mikebell]

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.