Abundant crops and subsidies bring Thailand's inflation down for the sixth month
Thailand's consumer price index in March fell to 107.25 from 107.76 in the same month last year, resulting in a 0.47% decline in
Abundant crops and subsidies bring Thailand's inflation down for the sixth month
Thailand's consumer price index in March fell to 107.25 from 107.76 in the same month last year, resulting in a 0.47% decline in headline inflation for the sixth straight month. This decline in inflation was driven by a drop in the price of fresh commodities such as meat, vegetables, and fruit as a result of a surplus of produce.
Additionally, the price of energy, electricity and fuel dropped in March thanks to government subsidies. The prices of electrical appliances and cleaning products continued dropping, while the prices for other goods and services moved in the normal direction.
Thailand’s core inflation rate, excluding fresh food and energy, also rose by 0.37% in March, compared with the previous month’s increase of 0.43%.
In a comparison with other countries in February, it was found that Thailand’s rate of inflation had dropped by 0.77%, making it the 4th out of 136 economies reporting low inflation rates.
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