RHB | Thailand | Deflation Accelerates Into May On Lower Electricity Charges

Economic Research	02 Jun 2015
Thailand
Economic Highlights
Deflation Accelerates Into May On Lower Electricity Charges Thailand’s headline consumer prices fell 1.3% y-o-y in May, below consensus median estimate of -1.0%, and by a larger magnitude compared to April’s reading of -1.0%. It was the fifth consecutive month of deflation as prices were dragged by lower electricity prices that swiftly translated into lower food & beverages prices in the current soft domestic demand environment. The core inflation rate decelerated to the slowest pace in 16 months of +0.9% y-o-y in May, from +1.0% in April. Economist:  Vincent Loo Yeong Hong  | +603 9280 2172
To access our recent reports please click on the links below: 01 Jun 2015:  Money Supply Eases But Private Credit Continues To Accelerate In April 29 May 2015: Manufacturing Plummets April As Export Weakness Persists 27 May 2015: Exports Still Declining, But Improving Trend 19 May 2015: 1Q GDP Growth Accelerates From Low Base, But Downside Risks Persist 05 May 2015: Deflation Lingered In First Four Months of 2015