Inflation, CPI: +0,4 % in december and +5,5 % for the year


Consumer Price Index reached 119,5 against… 119 in december 2007. Therefore, it’s an increase of 0,4 %.

For the whole year, inflation rate is 5,5 %.

The Bangkok Post writes : “December inflation hit 76-month low”.

It’s of course misleading… Base effect and the sharp drop of oil prices and the subsidies (since august, free water, free electricity, subsidy on diesel etc.) explain this result.

But if we look at the details… we see that the group “Food and Beverage” (with a weight of 36 % in the index) has increased by 13,9 % year on year.

“Electricity, fuel, water supply” (5,10 % of the index) plunged by… 37,3 %. 😉


For that matter, it’s easy to forecast a negative inflation rate (particularly on Q2 of 2009).

The good news is the sharp fall of PPI (producer price index).

(Source Bureau of Trade and Economics Indices)

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Thailand Crisis

Coup, Economic slowdown, Terror In the South... The situation is worsening in Thailand. Bumpy road like often before.

But this time, it's different.

The key to understand the present turmoil is the inevitable... succession of King Bhumibol.

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