Aug headline inflation dips for first time in 5 months on subsidiesPeople flock to the food court of the Seacon Square shopping centre in Bangkok's Srinakarin area on Wednesday after dine-in is allowed. Government subsidies have contributed to a surprise drop in headline inflation. Without the measures, the headline CPI would have risen more than 1%, ministry official Wichanun Niwatjinda told a briefing on Thursday. However, headline inflation might not reach 1% this year, versus a current forecast of 0.7% to 1.7%, Mr Wichanun said. In the January-August period, headline CPI rose 0.73% from a year earlier, with the core measure of CPI up 0.23%.

Source: Bangkok Post September 06, 2021 03:45 UTC