Mr. Poonphong Naiyanaphakorn, Director of the Office of Trade Policy and Strategy (OCT), revealed that Thailand’s inflation rate in August 2023 expanded by 0.88% compared to August 2022, which had an effect. It is the country with the 10th lowest inflation rate in the world out of 133 economies whose figures have been announced. Countries that are lower than Thailand in ranks 1-9 include Costa Rica, the lowest at minus 3.28%, followed by South Sudan minus 3.1%, Seychelles minus 2.44%, Burkina Faso minus 2.0%, Armenia minus 0.17%, China 0.1%, Guyana 0.33%, New Caledonia 0.6% and Oman 0.80%, while the country with the highest inflation in the world is Lebanon 230.0%, followed by Argentina 124.0%, Zimbabwe 77.2%, Turkey 58.94%. , Surinam 53.8% etc.

 

The reason for the increase in Thai inflation is because the prices of products in the energy sector are still high. Meanwhile, the fresh food group’s prices remained stable. In addition, the price base in August 2022 is at a high level. As a result, inflation in August 2023 was not very high, while the economic situation in key trading partners was slowing down. and the use of stricter financial measures by the Bank of Thailand (BoT), including government measures to reduce the cost of living. Including reducing electricity bills for the period September-December 2023 to 3.99 baht per unit, reducing diesel fuel by 2 baht per liter, reducing product prices for 3 months from October-December 2023 may cause inflation to stabilize. and did not increase much The Office of the Consumer Protection Board expects inflation for the whole year 2023 to be at 1.0-2.0% with a median value of 1.5%.

 

cr.https://www.thairath.co.th/…/perso…/banking_bond/2730500