“Commerce” reveals that inflation rose by 5.55% in November, slowing down for 3 consecutive months. following a decrease in the price of food groups began to decline, and the total amount for 11 months increased by 6.10%, close to the valuation Trends expected in December will stabilize towards November The full year falls within the target range of 5.5-6.5%, median is 6.0%.
December 7, 2022 – Mr. Poonpong Naiyanapakorn, Director of the Trade Policy and Strategy Office (TPP), revealed that the Consumer Price Index (General Inflation) November 2022 was 107.92 compared to October 2022, a decline of 0.13% compared to November 2021, an increase of 5.55%, a slowdown for 3 consecutive months. After peaking in August 2022 at 7.86%, then slowed down for the first month in September 2022, leaving a 6.41% increase, and then October 2022 to a 5.98% increase. which is a decrease in line with the slowdown in food products Especially fresh vegetables, fresh fruit, meat and cooking ingredients. And it has received good results from the measures to adjust the balanced prices of goods by the Ministry of Commerce continuously. Total inflation for the 11 months of 2022 (January-November) is 6.10%, which is close to the estimate.
For inflation in November 2022, the increase came from an 8.40% increase in goods in the food and beverage category, with fruit, pork and fresh chicken. Gradual increase in domestic demand As a result, the price slowed down. But it’s still up from the same month last year. Rice flour and flour products kitchen utensils soft drinks Food consumed at home, away from home, the price increases. Other non-food and beverage categories increased by 3.59% following the increase in energy products. Both fuel, electricity and cooking gas including public rates when cleaning products such as detergents, fabric softeners and dish soap slightly higher priced
However, in terms of core inflation With fresh food and energy removed, an increase of 0.13% compared to October 2022. and an increase of 3.22% compared to November 2021 and an 11-month average, an increase of 2, 44%
said Mr. Poonpong Inflation trend for December 2022 It is expected to continue expanding at a similar level in November 2022. due to energy prices Including fuel, electricity, cooking gas, food products such as meat, eggs and dairy products. and ready meals and public tariffs will still have a high price Compared with December 2021 Including domestic consumption, demand has begun to improve. But the amount of production of some agricultural products which are more than last year. Measures to take care of the public sector cost of living. Thai baht appreciation trend and the spread of COVID-19 New breeds will be a factor that could reduce inflation. which must continue to monitor the situation closely
However, the Ministry of Commerce still expects the headline inflation rate in 2022 to be between 5.5 and 6.5% with a median value of 6.0%, which is in line with the economic situation and inflation expectations of the Thai economic agencies.
