Economic Research | 4 December 2017 | |||
Thailand | ||||
Economic Update | ||||
CPI Inched Higher On Energy Cost Thailand’s CPI rose 1% YoY in November, after holding at 0.9% for two consecutive months. The pick-up in inflation was driven by higher energy costs. F&B prices stalled, capping some of the gains. Core CPI grew 0.6% YoY, unchanged from the month before. Going forward, we maintain our forecast for CPI to rise 1.2% next year, compared with +0.8% estimated for 2017. Private consumption is set to be stronger next year, lifted by better consumer sentiment as economic activities pick up. This is expected to result in higher price pressure. On the other hand, crude oil prices are expected to remain elevated. . Economist: Ng Kee Chou | +603 9280 2179 | ||||
To access our recent reports please click on the links below: 4 December: Loan Growth Continues To Ease 4 December: MPI Declines In October On Broad Weakness 23 November: Exports Maintain Momentum On Broad-Based Gains 21 November: GDP Tops 4% As Exports Surge 9 November: BoT Keeps Policy Rate At 1.5% As Economy Improved | ||||
Economic Team | ||||
Peck Boon Soon | Chief ASEAN Economics | +603 9280 2163 | ||
Vincent Loo | Malaysia, Vietnam | +603 9280 2172 | ||
Ng Kee Chou | Singapore, Thailand | +603 9280 2179 | ||
Rizki Fajar | Indonesia, Philippines | +6221 2970 7065 | ||
Aris Nazman Maslan | Malaysia, Vietnam | +603 9280 2184 | ||
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