Wednesday, September 2, 2015

First negative inflation likely in six years


02 September 2015

Thailand is highly likely to post negative inflation in 2015 for the first time in six years, mainly because of plunging oil prices and the sluggish economy. The negative inflation was due mainly to plummeting oil prices, while core inflation, which excludes fuel prices, still increased. The ministry has projected that inflation in the remaining months is not likely to bounce back to positive growth on expectations of lower electricity costs and gas prices.

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