Inflation in Thailand accelerated in June to its highest level in 14 years, fueling expectations that the country’s central bank will raise interest rates soon.
Released official data showed that consumer prices rose 7.66% year on year in June from 7.1% in May, reaching the highest level since June 2008.
The core consumer price index, which excludes food and energy prices, rose 2.51% year-on-year during June last year, while energy prices jumped 39.97%, while transport and communications costs rose 14%. .75% due to rising fuel prices. public transport rates.
Rising inflation reinforces expectations that the Bank of Thailand will raise interest rates shortly after leaving it unchanged late last month as another reading of the inflation indicator is scheduled next month ahead of the policymakers’ meeting for a monetary policy review on the 10th. August.
Source: El Iktisad
