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Thailand's Core Inflation Drops To Two-Year Low In December


cavanami
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...what a bunch of crap!!! figures don't lie but liars do figure...massage the numbers until you get the results you want!!!

 

Every time at the grocery store, prices are up! Ohhh, food isn't part of the core...WTF

 

Thailand's core inflation drops to two-year low in December

 

https://www.yahoo.com/news/thailands-core-inflation-drops-two-024300669.html

 

Blame it on weak domestic demand.

Thailand's core inflation came in at -0.7% (YoY) in December, marking the lowest reading in two years.

According to DBS, core inflation is likely to remain soft in the coming months and this would translate to only a gradual lift to headline inflation in 2016. The weak inflation reading also suggests that weak domestic demand persists in the economy.

"That domestic demand remains weak is the key reason why the economy struggles to grow. We expect private consumption growth to tick up to 2.3% in 2016, up from 2.1% last year. There is still no indication of a surge in consumption anytime soon, with the consumption and retail sales indices pretty much running sideways," said the report...

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