Bangkok – August Inflation increased by 0.52 percent due to the higher prices of fresh food products, especially rice and fruit and vegetables.
Phimchanok Wornkhorphorn, Director of the Office of Trade Policy and Strategy, Ministry of Commerce, has reported on the overall state of the prices of 422 goods and services in August 2019, which were used to calculate the general consumer price index or the inflation rate. It was found that the price of sticky rice rose by 27.3 percent, limes by 70 percent, pork rose by 10.2 percent and fresh chili by 22 percent. Public transport fares also rose. Elsewhere, 112 products saw lower prices, such as vegetable oil, palm oil and fuel. There were also 89 products where prices remained stable.
Overall, the inflation rate in August was the lowest seen so far this year. The ministry has forecast a 2019 inflation rate of between 0.8 and 0.9 percent, compared to the Bank of Thailand’s (BOT) and the Ministry of Finance’s estimates of one percent.
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