Thailand: CPI decreases for 14th consecutive month
Thailand’s Consumer Price Index (CPI) fell for the 14 th straight month from a year ago, by 0.5 percent in February, due to continued drop in energy and electricity prices.
Bangkok (VNA)❀ – Thailand’s Consumer Price Index (CPI) fell for the 14 th straight month from a year ago, by 0.5 percent in February, due to continued drop in energy and electricity prices, according to the Commerce Ministry.
The Ministry, however, affirmed that the national economy still saw positive signs as a result of stimulus measures taken by the Government.
February’s CPI inched up 0.15 percent from January, showing a rise since November 2015, driven by the Government’s stimulus measures.
For the first two months of this year, the country’s CPI declined by 0.52 percent year on year.
The Ministry revised downward its 2016 inflation-rate forecast to zero-1 percent from the previous 1-2 percent forecast.
The revision was based on the country’s GDP growth forecast of 2.8-3.8 percent for this year.-VNA
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Illustrative image (Source: malaysiainsider.com)
