Connect with us

Economics

Thailand’s consumer price index (CPI) rises 3% year-on-year in April

Avatar

Published

on

Thailand’s consumer price index (CPI) in April stood at 107.66,  an increase of 3 per cent compared to the corresponding period of 2009, Permanent Secretary for Commerce Yanyong Phuangrach announced on Monday. It was the seventh consecutive monthly rise of the CPI due to the increase of 3.7 per cent in food and beverage prices.

The CPI in April rose 0.49 per cent from March due to increase in prices of food and several consumer goods and oil retail prices, Mr Yanyong said.

He said core inflation in April rose 0.28 per cent from the previous month and jumped 0.5 per cent year-on-year.

Despite the current political turmoil in Thailand, Mr Yanyong said the ministry still  maintained this year’s inflation at between 3-3.5 per cent, as he believed that the unrest had not yet affected consumption patterns, but may impact the price of certain goods such as construction materials.

via Inflation rises 3% year-on-year in April.

Comments

Economics

Thai economy to grow 4% in 2021 following 6.5% decline in 2020

The World Bank is now expecting the Thai economy to see 4% growth this year, and a 4.7% growth in 2022, despite current challenges from the new wave of COVID-19 infections.

Olivier Languepin

Published

on

Crowded downtown area in Bangkok

The World Bank now expects that the Thai economy to expand by 4 per cent in 2021, according to the latest World Bank Thailand Economic Monitor report “Restoring Incomes, Recovering Jobs” released on Wednesday (Jan 20).

(more…)
Continue Reading

Banking

BoT sees mild impact of new COVID-19 wave on the economy

The Bank of Thailand (BoT) does not see the new wave of COVID-19 infections as having as much of an impact on the economy as the first wave, as fewer businesses have had to be suspended.

National News Bureau of Thailand

Published

on

BANGKOK (NNT) – Despite a new and wider wave of COVID-19 infections in the country, the Bank of Thailand (BoT) has assessed that the economic impact of the situation will not be as severe as the first wave as the effects of the virus are not as pronounced, and public health preparations, including plans for vaccination, are in place.

(more…)
Continue Reading

Economics

COVID-19 brings first consumer confidence drop in 3 months

Consumer confidence in December 2020 was measured at 50.1 points, down from 52.4 the previous month. Economic confidence was also down to 43.5 from 45.6 points.

National News Bureau of Thailand

Published

on

BANGKOK (NNT) – Concerns linked to the new wave of COVID-19 infections has weighed on both daily life and business, resulting in the first drop in the Consumer Confidence Index in 3 months.

(more…)
Continue Reading

Latest

Most Viewed

Subscribe via Email

Enter your email address to subscribe and receive notifications of new posts by email.

Join 13,609 other subscribers

Trending