Thailand's inflation slows to 2.1-2.6 pct this year

[webfact]

Thailand's inflation slows to 2.1-2.6% this year
By English News



BANGKOK, Oct 2 – Thailand’s Commerce Ministry has lowered the consumer price index of inflation for this year from 2.8-3.4 per cent to 2.1-2.6 per cent due to the decline Dubai oil price, the strengthened baht and the government’s measures to reduce the cost of living.

Srirat Rastapana, Permanent Secretary for commerce, said yesterday that September inflation inched up by 0.16 per cent month-on-month, and by 1.42 per cent compared to September last year.

Prices of fresh food, rice, eggs, pork, beef, fish, some kind of seafood, cooking gas, electricity and liquor have increased by 0.16 per cent and non-food goods by 0.15 per cent, she said.

Inflation in the first nine months of the year was 2.36 per cent, lower than the previous year, she said, adding that cooking gas price increase at 50 satang per month would affect inflation at only 0.006 per cent per month, or 0.24 per cent in the last four months of this year. (MCOT online news)


-- TNA 2013-10-02

[billd766]

Yeah, right.

[Thai at Heart]

Which Thailand is this one?

[Pib]

The minister is indeed correct for the Sep 13 inflations stats she quoted, but she's also cherry picking statistics.

Go to this Bank of Thailand webpage to see all the latest inflation stats for the basket of goods used to develop the stats. Now certain categories such as Meats, Poultry, and Fish have went up 8.6% from Sep 12 to Sep 13....minister must have forgot to mention that. However, it does seem inflation has been slowing down as a whole after the BIG increases over the last few years.

And for us beer drinkers the Sep 12 to Sep 13 stats for Tobacco and Alcoholic Beverages which only shows a 2% increase definitely don't reflect the 10-20% price increase going into affect caused by the BIG tax increase which went into affect mid Sep 13 and still has many of the store shelves missing cases of the beer.

[Thai at Heart]

Lies lies and more lies.

[siampolee]

The delights of Thaksinspeak. Everything in the garden is coming up roses.

Mind you roses do enjoy a strong growth and produce splendid blooms if fed with copious amounts of male bovine fecal waste matter much like mushrooms do.

Not mushroom for truth in Thaksinspeak though.

[slapout]

Excuse me if I have little faith in soneone who puts out a guesstimate of 2.1 to 2.6 inflation, when the price caps they set are ignored by the retailer. The commerce ministery has and is throwing out some very unlikely figures on just about anything they have a hand in.

Most of the people are struggling to make ends meet for their families. I doubt that we can find many items that have increased by 2 baht, much less 2%. I can think of 1 item, that is 1 egg, its gone from 3_+ to 5_+ baht, but thats slightly higher than the unbelievable hogwash thrown out by this mouth piece.

[worgeordie]

So all these price rises must be in our heads ,the .50 satang increase

in the price of LPG is going to be a good excuse for food vendors to

increase their prices.

regards worgeordie

[spirit47]

The minister is indeed correct for the Sep 13 inflations stats she quoted, but she's also cherry picking statistics.

Go to this Bank of Thailand webpage to see all the latest inflation stats for the basket of goods used to develop the stats. Now certain categories such as Meats, Poultry, and Fish have went up 8.6% from Sep 12 to Sep 13....minister must have forgot to mention that. However, it does seem inflation has been slowing down as a whole after the BIG increases over the last few years.

And for us beer drinkers the Sep 12 to Sep 13 stats for Tobacco and Alcoholic Beverages which only shows a 2% increase definitely don't reflect the 10-20% price increase going into affect caused by the BIG tax increase which went into affect mid Sep 13 and still has many of the store shelves missing cases of the beer.

No mercy for drinkers...hahaha. But you right, this is a fictive basket and nothing real.

[Suradit69]

The minister is indeed correct for the Sep 13 inflations stats she quoted, but she's also cherry picking statistics.

Go to this Bank of Thailand webpage to see all the latest inflation stats for the basket of goods used to develop the stats. Now certain categories such as Meats, Poultry, and Fish have went up 8.6% from Sep 12 to Sep 13....minister must have forgot to mention that. However, it does seem inflation has been slowing down as a whole after the BIG increases over the last few years.

And for us beer drinkers the Sep 12 to Sep 13 stats for Tobacco and Alcoholic Beverages which only shows a 2% increase definitely don't reflect the 10-20% price increase going into affect caused by the BIG tax increase which went into affect mid Sep 13 and still has many of the store shelves missing cases of the beer.

but she's also cherry picking statistics.

That's how governments and businesses calculate Cost of Living Adjustments or inflation-linked payments. They take into consideration everything but exclude food, clothing, transport, health care and housing because no one really buys those things. One of my former employers used that technique for annual salary adjustments and the US government does the same for Social Security increases.

[smutcakes]

The minister is indeed correct for the Sep 13 inflations stats she quoted, but she's also cherry picking statistics.

Go to this Bank of Thailand webpage to see all the latest inflation stats for the basket of goods used to develop the stats. Now certain categories such as Meats, Poultry, and Fish have went up 8.6% from Sep 12 to Sep 13....minister must have forgot to mention that. However, it does seem inflation has been slowing down as a whole after the BIG increases over the last few years.

And for us beer drinkers the Sep 12 to Sep 13 stats for Tobacco and Alcoholic Beverages which only shows a 2% increase definitely don't reflect the 10-20% price increase going into affect caused by the BIG tax increase which went into affect mid Sep 13 and still has many of the store shelves missing cases of the beer.

but she's also cherry picking statistics.

That's how governments and businesses calculate Cost of Living Adjustments or inflation-linked payments. They take into consideration everything but exclude food, clothing, transport, health care and housing because no one really buys those things. One of my former employers used that technique for annual salary adjustments and the US government does the same for Social Security increases.

You can hardly criticize a Government for window dressing or cherry picking- every single Government the world over does the same- even the better ones out there. Your hardly going to make yourself look bad!

[phantomfiddler]

Where do they conjure up these figures from ? The price of many staple food items has gone up around 50% in the last year !