Feb inflation fell 1.17%.
Contraction for 12 months in a row – the effects of government measures
Commerce reveals February inflation down 1.17%, minus for the 12th straight month, but no worries. Because it has benefited from government measures Reduce electricity-water bills for 2 months, plus a drop in fresh food products, other products stable, expected March to also reduce Before starting to move up from April onwards
Mr. Phusit Ratanakul Sereengrit The director of the Office of Trade Policy and Strategy (OTP), Ministry of Commerce, said that the February 2021 consumer price index (headline inflation) fell 0.91% compared to January 2021 and fell 1.17%. When compared with February 2020 This is the 12th consecutive month of decline.
Since the COVID-19 situation Since March 2020 As for core inflation, which deducted fresh food and energy products. Compared to January 2021, down 0.08% compared to February 2020, up 0.04%.
Meanwhile, the total two-month inflation of 2021 (Jan-Feb) slipped 0.75% and total core inflation increased 0.12%. Reduced from measures Reduce the government’s cost of living In particular, the reduction of electricity and water bills for a period of 2 months (Feb. – Mar. 2021).
It also received good results from fresh food products such as sticky rice, fresh vegetables, which decreased as the yield increased. As for products and services in other categories Most of them were stable and moving in line with production and consumption. Except for rising fuel For the first time in 13 months following the rise in world oil prices.
“February 2021 inflation Which dropped to 1.17% if there were no factors at all It is considered a high negative. But a closer look at it was found to benefit from the government’s measures to reduce the cost of living. Especially the cost of electricity and water, which is a major drag on inflation. And March 2021 Inflation will continue to decline. Because of measures to reduce electricity bills Plumbing is also available But will begin to rise from April 2021 onwards following the economic recovery. And the purchasing power of the people will gradually gradually increase. “
For details, the February 2021 inflation fell 1.17% from a decrease in other products. Other than food and beverages, 1.60%, with the home category reducing 4.98%, such as electricity, water, and cooking gas, but the vehicle, transport and communications category increased 0.98% from the higher fuel. And public fare
However, inflation in 2021 is still projected to move between 0.7-1.7%, with a median increase of 1.2%, driven by economic growth (GDP) 3.5-4.5%, Dubai crude oil price 40. -50 USD per barrel And the exchange rate is 30-32 baht per US dollar. Which is the rate that helps support the Thai economy to expand appropriately and continuously
–
