Thai inflation in November rose 4.19 per cent year-on-year to 113.31 due to flooding in Thailand’s central provinces, said Yangyong Puangrach, the country’s permanent secretary for commerce.

The flood crisis in many provinces destroyed crops, halted industrial production, and obstructed transportation and distribution, forcing some commodity prices to rise in early November.

Flooding also impacted consumer spending and reduced the purchasing power of flood victims, who lost income from not working.

prices bangkok shopping mall
Thai inflation in November rose 4.19 per cent year-on-year to 113.31 due to flooding in Thailand’s central provinces

The food and beverage index rose to10.21, with meat up 10.84, eggs 29.86, vegetables and fruit 17.11, other food items 14.47 and instant foods 9.91. Non-food and beverages increased 0.54 including home supplies and medicine, clothing and shoes.

Inflation from January to November stood at 3.83 per cent on average, and the ministry is confident that 2011 inflation will remain at 3.8 per cent as inflation in December is likely to drop.

Inflation in the first quarter 2012 is forecast to drop to 3.6 per cent owing to a projected oil price drop, baht strengthening and reduced flooding.

Source: MCOT News

About the author

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Sign Up for Our Newsletter

Get notified of our weekly selection of news

You May Also Like

Thai Consumer Price Index rose 5.9% in December

Headline inflation is expected to slow to 2% to 3% in 2023, helped by a high base and a global slowdown.

Thai economic recovery remained on track In September

According to Bank of Thailand latest Press Release, the Thai economic recovery remained on track in September 2022 as service sectors improved from the previous month thanks to increases in foreign tourist figures.