Thailand's July inflation rate 2% higher

[webfact]

Thailand's July inflation rate 2% higher
By English News



BANGKOK, Aug 2 – Thailand’s inflation in July was 105.42, a 2 per cent increase year-on-year, according to permanent secretary for commerce Vatchari Vimooktayon.

She said the inflation was slightly down from June, which was up by 2.25 per cent and pressure on inflation has lessened given six consecutive months of slowdown, while prices of fresh foods were on the decline.

The price index of food and non-alcohol beverage sector was 2.81 per cent higher due to increased prices of vegetables and fruit by 4.43 per cent, as well as eggs and milk by 4.41 per cent while retail prices of fuel have not been adjusted.

The prices of 158 items of merchandise were higher, 93 items lower and 100 items unchanged, contributing to an average inflation at 2.60 in the first seven months of the year which was lower than predicted.

The overall inflation may be 2.80-3.40 per cent lower than forecast in accord with the economic slowdown.

Ms Vatchari said the gradual increase of liquefied petroleum gas by 50 satang per kg from September until the end of the year will affect inflation by only 0.006 per cent per month,

She called on the public to be more careful in their spending despite a belief that most traders will not increase the prices of their goods. (MCOT online news)


-- TNA 2013-08-02

[JetsetBkk]

Ms Vatchari said the gradual increase of liquefied petroleum gas by 50 satang per kg from September until the end of the year will affect inflation by only 0.006 per cent per month,

Ha! Tell that to the Phuket taxi drivers.

[Thormaturge]

So the official annual inflation rate is 2%

My recent medical didn't take account of the possibility that I may die laughing.

[bigbamboo]

So they saying that if I was to find an old grocery bill from this time last year that came to 1000 baht and then went out to the same place and bought those items again the bill would only be about 20 baht higher.

Were they using PTT's calculator by any chance?

[nong38]

Inflation figures are the same the world over, they bear no relation to the costs that the man or woman in the street recognize.

[Thai at Heart]

The price index of food and non-alcohol beverage sector was 2.81 per cent higher due to increased prices of vegetables and fruit by 4.43 per cent, as well as eggs and milk by 4.41 per cent while retail prices of fuel have not been adjusted.

Ok, so what else do they have in their basket of goods that ended up making it only 2%????Also, did she say "economic slowdown?"

Since when has that been the official line?

[ableguy]

Ms Vatchari said the gradual increase of liquefied petroleum gas by 50 satang per kg from September until the end of the year will affect inflation by only 0.006 per cent per month,

Ha! Tell that to the Phuket taxi drivers.

who gives a damn about them ?

[kimamey]

Good news I suppose.

I notice there's no mention of rice in the food and non-alcohol beverage sector.

[starkey_rich]

Chicken has risen by 28 bht a kilo over the last couple of months.I would love to why?

I think that's a bit more than 2%.

[ginjag]

So they saying that if I was to find an old grocery bill from this time last year that came to 1000 baht and then went out to the same place and bought those items again the bill would only be about 20 baht higher.

Were they using PTT's calculator by any chance?

That 20 bht would only be for PORK