Inflation rate reaches 14-month low

 

 

BANGKOK, 3rd July 2017 (NNT) - Thailand's inflation rate has reached a 14-month low due to a drop in oil prices, as well as economic recovery that has not affected the cost of living. 

The Ministry of Commerce has reported that the inflation rate in June decreased by 0.05% due to the drop in oil prices, fresh foods, and non-alcoholic beverages, bringing the average inflation rate for the first 6 months of the year to 0.67%. 

Inflation is expected to pick up in the second half of the year due to government economic measures and an expected rise in oil prices. The annual inflation rate for 2017 has been adjusted down to between 0.7 to 1.7% due to a strengthening Thai currency and lower-than-expected crude oil prices. Forecast growth of the GDP this year is maintained at 3-4%.

 

-- nnt 2017-07-03

I find ANY numbers and Statistics reported by official body in Thailand to be accurate rather then manipulated for their own narrow narrative and insulting perception of the readers (Public)

in numerous cases proven wrong by international organizations and after being criticize, revealing the method of what is IN or OUT of the numbers they show. (with NO disclaimer whatsoever explaining it beforehand) 

 

Time for a cut in Thai interest-rates ?