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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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, 20242 yr by Tropicalevo

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

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

Edited January 6, 20242 yr by StayinThailand2much

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

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.

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.