The OIC has revised its new inflation forecast for ’62, growing 0.85% to less than 1%, the lowest in 2 years.

The Office of the National Economic and Social Development Board revised the inflation forecast for new year 2019 'growth by 0.85% to less than 1% after the inflation rate in September 2019 increased 0.325% from energy – fresh food.

Ms Pimchanok Wonkornphon, Director of the Office of Trade Policy and Strategy (OTP), revealed that the consumer price index (inflation) in September 2019 was 102.90, up 0.32% compared to the same month of the previous year and slowing down. 0.52% compared to the previous month On average, 9-month inflation (Jan-Sep) for the year 2019 increased 0.81% from the same period last year. And only for the 3rd quarter of the year 2019, an increase of 0.61% from the same quarter of the previous year

With the factors that cause inflation to rise From food and non-alcoholic beverages increased by 2.47% in products such as rice, flour and flour products, up 9.15%, vegetables and fruits increased by 7.04% due to flood damage for meat, ducks, chickens and aquatic animals. Up 2.79%, non-alcoholic beverages increased 0.53%, while cooking utensils decreased 0.10% according to marketing promotions. For other non-food and beverage categories, it decreased by 0.90% following the 2.86% decrease in transportation, transportation and communication category. All types decreased by 9.91% except for natural gas (NGV), vehicle gas (LPG), communication decreased by 0.03% etc.

"Inflation continues to decelerate, an important factor comes from energy prices While fresh food increased, including other consumer goods. Positive factors also came from the government's VAT collection affecting the country's spending. Coupled with improved consumer confidence As for other factors, such as floods, droughts, including government shopping tasting measures, do not affect inflation. However Have the relevant departments to monitor the product price without allowing the entrepreneurs to take advantage of the price increase during this measure. Including the vegetarian period too "

As for the price movements of 422 products and services in September 2019, there were 145 items which increased by 145 items, such as sticky rice, rice, fried chicken, pizza, red onion, kale, diesel oil, detergent, facial cleansing foam, toothpaste. Pork, fresh chilies, spring onions, lemons, cabbage, longkong, grapes, guava, tangerine, and unchanged products. Price 188 list

The OIC revised the inflation forecast for 2019 to grow 0.7-1.0% from 0.8-0.9%, with the mid-year forecast expected to be 0.85% but less than 1% due to lower energy prices. Including government stimulus measures etc. This revision is considered the 3rd time of this year, which is lower than 1% for the first time in 2 years, which is the result of the assumption that Economic growth rate 2.7-3.2%, down from 3.3-3.8% Dubai crude oil price 60-70 USD per barrel Equal to the original assumption And the exchange rate was 30.5-31.5% from 31-32 baht per US dollar