Connect with us

Economics

Inflation rate for October up 0.34 %, for seventh consecutive month

The rate increase was the seventh in a row, averaging 0.06 percent rise monthly for the past ten months.

Avatar

Published

on

mango street prices Bangkok

Consumer’s price index or inflation rate for the month of October was registered at 106.85 points or 0.34 percent increase compared to the same period last year.

The rate increase was the seventh in a row, averaging 0.06 percent rise monthly for the past ten months.

The increased CPI was attributable to 0.89 percent price increase of food and non-alcoholic drinks segment and 0.02 percent price increase of non-food and non-drink segment such as eggs and pork.

However, Ms  Pimchanok Wornkhorporn, deputy director of the Office of Trade Policy and Strategy said that the inflation rate for the whole year would increase at most one percent as earlier forecast by the Commerce Ministry as the economic growth rate was expected to increase 3.3 percent with the price of crude oil fluctuating between US$35-45 per barrel and the exchange rate between 35-37 baht per dollar.

Advertisement
Comments

Banking

Thai economy continued on a decelerating trend in January

In January 2020, the Thai economy continued to be on a decelerating trend According to a Press Release by the Bank of Thailand

Avatar

Published

on

According to the Press Release on the Economic and Monetary Conditions for January 2020 (Bank of Thailand), the Thai economy continued on a path of deceleration in January, contracting from the previous month in the value of merchandise exports excluding gold, manufacturing production, private investment indicators, and public spending.

(more…)

Continue Reading

Economics

NESDB projects 1.5-2.5 percent growth in 2020

With help from the government’s economic measures, the National Economic and Social Development Board (NESDB) is expecting the Thai economy this year to grow just 1.5-2.5 percent.

National News Bureau of Thailand

Published

on

Construction Workers in Bangkok

This year, the country’s economy is facing another big concern from the COVID-19 virus situation. With help from the government’s economic measures, the National Economic and Social Development Board (NESDB) is expecting the Thai economy this year to grow just 1.5-2.5 percent.

(more…)

Continue Reading

Economics

COVID-19 Set to Dampen Asean and China’s Economic Growth

The SARS outbreak provides a useful benchmark, but there are significant differences between that epidemic and the latest one.

Boris Sullivan

Published

on

Coronavirus Asia

The ongoing coronavirus outbreak will dampen economic growth in China this year, but the scale of the impact remains uncertain and will depend on the duration and intensity of the health crisis, says Fitch Ratings.

(more…)

Continue Reading

Must Read

Upcoming Events

Mar 11

Food science conferences

March 11 @ 8:00 am - March 12 @ 5:00 pm BMT
Mar 11

Food science conferences

March 11 @ 9:00 am - March 12 @ 5:00 pm BMT
Mar 22

41st World Dental Science and Oral Health Congress

March 22 @ 9:30 am - March 23 @ 5:00 pm BMT
Mar 26

8th Anti-Corruption Compliance Asia Pacific Summit 2020

March 26 @ 9:00 am - March 27 @ 5:30 pm SMT

Press Release

Subscribe via Email

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

Join 12,191 other subscribers

Trending