Thailand’s headline inflation surged over 1pct in March

29-Jul-2019 Intellasia | The Thaiger | 6:02 AM Print This Post

Thailand’s headline inflation surged to 1.24 percent, year-on-year, during March. This is up from 0.73 percent, year-on-year, in the previous month. Food and energy prices are the main drivers for inflation growth.

The raw food price index increased by 3.75 percent as the prices rose for rice flour and cereal products, meat and fruit and vegetables. The drought in Thailand’s agricultural regions also started to bite, causing fruit and vegetable prices to increase the first rises in 10 months.

Meanwhile, energy prices rebounded with a growth of 2.07 percent based on rising global crude prices, after dropping for 3 consecutive months.

Core inflation stands at 0.58 percent, year-on-year, stable from 0.60 percent, year-on-year, in the previous month following stagnated prepared food, housing rent and medical and personal care price index.

https://thethaiger.com/news/business/thailands-headline-inflation-surged-over-1-in-march

 


Category: Thailand

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