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.
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
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…)
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.
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…)
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.
APRIL International Care opens up TeleHEALTH service to address Coronavirus worries
The TeleHEALTH service means policyholders do not have to leave their home or workplace to “see” a doctor, with a...
Thailand rolls out New Investment Measures to Boost Economy
The new definition of qualified applicants now includes businesses that have not previously received BOI promotion privileges as long as...
Thailand among top five countries for salary hikes
Thailand is among the top five economies in the world to see real salary increases and is likely to see...