Reuter s poll on Friday revealed Thailand s swift escalation of its annual headline inflation rate for the month of December. However, the rate is still below the central bank s target for the seventh consecutive month.
The headline consumer price index (CPI) is predict5ed to go up by 0.9% in December from the previous year after a 0.21% increase in November, as shown by the median forecast of nine economists.
The Bank of Thailand (BOT) forecast headline inflation of around 0.7% for 2019, and 0.8% for 2020.
These figures, however, will remain below the central bank s official target range of inflation from 1%-4% for this year and 1%-3% for next year. The target is reviewed annually.
The core inflation rate, which excludes energy and fresh food price rates, was at o.5% in December and 0.47% in November.
The Bank of Thailand held its interest rate at 1.25% after a couple of rate cuts earlier in 2019 to beef up economic growth.
https://dowmarkets.com/en/news/thailand-annual-headline-inflation-rate-escalates-swiftly-to-0-point-9-percent