Thailand’s inflation for September falls to 0.30%

Thailand’s Inflation rate for September has fallen to 0.30%, from 0.88% in August, and inflation for the whole year is expected to be 1.35%, thanks to energy and food price…

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Thailand’s 2023 inflation forecast to be 1-2%, the lowest in ASEAN

Thailand’s inflation rate is the lowest among the seven ASEAN countries which have already announced their rates, with inflation for the whole year expected to range between 1% and 2%,…

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ADB cuts inflation forecast for developing Asia

The Asian Development Bank cut its inflation forecast for developing Asia on Wednesday, as food and fuel prices eased, supply chain disruptions waned and interest rate hikes started to bite….

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Thailand’s inflation in May the lowest for 21 months

The rate of inflation in Thailand has dropped for five consecutive months, to 0.53% in May, which is the lowest for 21 months, thanks to the reduction in electricity and…

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GLOBAL MARKETS-Stocks and gold cheer U.S. inflation picture, while dollar slides

Global shares rose on Thursday, while the dollar held near two-month lows after U.S. inflation data suggested the Federal Reserve may soon be finished raising interest rates, which in turn…

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A vendor sells dates and dried fruits at a market in Cairo’s central Sayyida Zeinab district © Khaled DESOUKI / AFP

Egyptians cling to Ramadan charity as inflation soars

In a time of dire economic trouble, Egyptians are holding fast to the Ramadan tradition of charity, with both donors and those in need pinning hopes on holiday generosity. Families…

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As Davos opens, Oxfam urges windfall tax on food companies

Food companies making big profits as inflation has surged should face windfall taxes to help cut global inequality, anti-poverty group Oxfam said Monday as the World Economic Forum’s annual meeting…

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Fruit for sale arranged inside a Sainsbury’s supermarket in Richmond, west London, Britain, June 27, 2022. Picture taken June 27, 2022. REUTERS/Henry Nicholls

Inflation drives Britain’s record Christmas grocery sales

British grocery sales rose 9.4% to a record 12.8 billion pounds ($15.3 billion) in the four weeks to Dec. 25, though growth was driven by price inflation rather than increased…

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(AP Photo/Thanassis Stavrakis, File)

Inflation hits record 10% in 19 EU countries using euro

Inflation in the European countries using the euro currency has broken into double digits as prices for electricity and natural gas soar, signaling a looming winter recession for one of…

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Thailand’s Monetary Policy Committee increases policy rate to 0.75%, with immediate effect

The country’s Monetary Policy Committee (MPC), one of the main committees of the Bank of Thailand, decided today (Wednesday), by a vote of 6 to 1, to increase the policy rate…

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Photo by Lillian SUWANRUMPHA / AFP

Thai economy expected to be affected by global turbulence for 2 more years

Thailand’s economy will be affected by global economic turbulence, which may for last two years, during which growth in Thai exports will contract while domestic inflation will increase, said Kobsak…

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Inflation poses biggest challenge to economic recovery

Low-income groups and small businesses are now getting squeezed by high inflation and potential interest rate hikes. The situation may make it necessary for the government to continue its support…

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International headwinds offset Thai economy’s gains

Despite the fast-rising inflation driven largely by food and energy costs, some economic research houses have recently revised upward or at least maintained their economic growth projections for Thailand for…

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Should the BOT raise the policy rate and commercial banks by raising their lending and deposit rates, it would be a blow to borrowers, especially those with mortgage and car-hire purchase debt. (Photo by Jack TAYLOR / AFP)

How long can Thailand’s central bank swim against the tide?

The Bank of Thailand (BOT) has come under high pressure to react as domestic inflation has been climbing fast and other central banks, especially the US Federal Reserve (Fed), have…

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Thailand’s inflation could reach 5.9% – the highest for 24 years

Thailand’s inflation for this year is projected to rise from 4.9% to 5.9%, which would be the highest in 24 years. It may peak at 7% during the third quarter,…

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Monetary Policy Committee forecasts 4.9% inflation for Thailand this year

The Thai cabinet today (Tuesday) acknowledged the Monetary Policy Committee’s projection that the country’s inflation this year will reach 4.9%, which is higher than previous forecasts, mainly due to increases…

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Thai government urged to brace for goods price spike in May

The government has been advised to take steps to cope with an average 5% to 10% increase in the prices of goods in May, when the diesel price, which has…

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Thailand’s inflation in March highest in 13 years, likely to increase

Thailand’s inflation in March increased to 5.73% year on year, which is the highest monthly rise in 13 years, largely due to the price increases for oil, electricity and food…

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Research shows most people fear that the inflationary situation will continue for more than a year. (photo by @helloimnik)

Is Thailand facing the risk of stagflation?

Amid the rising cost of living and uncertain economic prospects, more people are starting to talk about the risk of stagflation, a scenario marked by high inflation and high unemployment…

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A shopkeeper counts the Myanmar kyat currency at his shop in Pazontaung market in Yangon. (Photo by Ye Aung THU / AFP)

Myanmar’s economy has plunged even deeper into a recession pit

As the political turmoil continues to wreak havoc in Myanmar, the economy has plunged into an even deeper recession. By September 29th, the exchange rate was 3,000 Kyat to the…

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A nurse prepares a syringe with a dose of the Pfizer-BioNTech COVID-19 vaccine at a vaccination center in Tlaquepaque, Mexico, on March 8, 2021. (Photo by ULISES RUIZ / AFP)

Vaccines, US stimulus boost global GDP forecast: OECD

The OECD sharply raised its 2021 global growth forecast on Tuesday as the deployment of vaccines and a huge US stimulus programme have greatly improved economic prospects. The Paris-based Organisation…

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