FW: RHB | Thailand | CPI To Pick Up Following Stronger Economic Growth

 

 

 

 

 

Economic Research			2 November 2017
Thailand
Economic Update
CPI To Pick Up Following Stronger Economic Growth   Thailand’s Consumer Price Index (CPI) rose 0.9% YoY in October, unchanged from the month before. Food prices accelerated, underpinned by higher vegetable and prepared food prices. However, the gains were offset by a slower increase in petrol costs. Core inflation accelerated to +0.6% YoY. Going forward, we maintain our forecast for CPI to rise 0.8% in 2017, before accelerating to 1.2% next year. Private consumption is set to pick up in the coming months following the end of the mourning period for King Bhumibol Adulyadej’s passing. Moreover, F&B prices may be boosted by a higher demand from returning tourists during the Christmas season this year. Next year, inflation would be underpinned by a stronger economic growth and sustained exports.    Economist:  Ng Kee Chou  | +603 9280 2179
To access our recent reports please click on the links below:   1 November: Foreign Operations Offset Domestic Easing 1 November: MPI Unchanged Despite Auto Slowdown 4 October : September CPI Surged, But Core CPI Remained Flat 2 October : MPI Gained Momentum In August, Led By Automotive 2 October : Money Supply Continues To Climb On Foreign Demand
Economic Team
Peck Boon Soon	Chief ASEAN Economics	bspeck@rhbgroup.com		+603 9280 2163
Vincent Loo	Malaysia, Vietnam	vincent.loo@rhbgroup.com		+603 9280 2172
Ng Kee Chou	Singapore, Thailand	ng.kee.chou@rhbgroup.com		+603 9280 2179
Rizki Fajar	Indonesia, Philippines	rizki.fajar@rhbgroup.com		+6221 2970 7065
Aris Nazman Maslan	Malaysia, Vietnam	mohd.aris.nazman@rhbgroup.com		+603 9280 2184

 

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