FW: RHB | Thailand | CPI Starts 2018 On a Soft Note

 

 

Economic Research			05 February 2018
Thailand
Economic Update
CPI Starts 2018 On a Soft Note   Thailand’s CPI slowed to +0.7% YoY in January, undermined by a softer increase in F&B and petrol prices. However, household energy costs continued to pick up, cushioning some of the downside. Core CPI gained 0.6% YoY, unchanged for the fourth consecutive month. 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. Private consumption is set to be stronger, lifted by better consumer sentiment and increased government assistance. However, energy prices may lag, as oil prices could see only smaller increases when compared to 2017’s numbers.   Economist:  Ng Kee Chou  | +603 9280 2179
To access our recent reports please click on the links below:   02 February: Credit Demand Rise On Improving Economic Sentiment 23 January: Rare Trade Deficit As December Exports Slow Down 4 January: December CPI Slows On Energy Costs 2 January: MPI Rebounds After October Dip 2 January: FX Reserves’ Rise Supports Infrastructure Roadmap 26 December: Agricultural Exports Soar; Industrial Exports Resilient 21 December: BoT Maintains Key Repo Rate At 1.5%
Economic Team
Arup Raha	Group Chief Economist	arup.raha@rhbgroup.com		+65 6232 3896
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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