Economic Research | 2 May 2018 | |||
Thailand | ||||
Economic Update | ||||
Thailand’s CPI rose 1.1% YoY in April, picking up from a +0.4% increase in the month before. The higher inflation rate was driven by a stronger increase in food & beverage (F&B) and transportation prices during the month. Still, the rise in F&B prices remained benign suggesting that demand pressure is not strong. Going forward, we maintain our forecast for the Consumer Price Index (CPI) to rise 1.2% this year, picking up from +0.7% in 2017. This is as private consumption is set to be stronger, lifted by better consumer sentiment and increased government assistance. Economists: Peck Boon Soon | +603 9280 2163 Aris Nazman Maslan | +603 9280 2184 | ||||
To access our recent reports please click on the links below: 02 May : Industrial Activity Remained Solid in 1Q18 24 April : Exports Continue To Slow In March 16 April : Land Of Smiles Keeps Smiling On Robust Tourism 03 April : CPI Jumps In March 03 April : Money Supply Eases In February | ||||
Economic Team | ||||
Arup Raha | Group Chief Economist | +65 6232 3896 | ||
Peck Boon Soon | Chief ASEAN Economics | +603 9280 2163 | ||
Vincent Loo | Malaysia, Vietnam | +603 9280 2172 | ||
Ahmad Nazmi Idrus | Singapore | +603 9280 2179 | ||
Rizki Fajar | Indonesia, Philippines | +6221 2970 7065 | ||
Aris Nazman Maslan | Malaysia, Vietnam | +603 9280 2184 | ||
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