April inflation increases 3.41%, highest in 100 months. After the state per package, reduce the cost of living
Mr. Wichanan Niwachinda, Deputy Director of the Office of Trade Policy and Strategy (OTP) Ministry of Commerce Revealed that the consumer price index. (Headline inflation) in April 2021 increased 3.41% compared to the same month last year. This is a return to expansion again in 14 months and the highest growth in 8 years and 4 months (100 months), mainly due to the energy products expanding 36.38% leap in part due to the very low base of oil price in the year before And the retail price of fuel in the country this year has continued to rise in line with the world market price. Together with measures to reduce electricity bills In addition, fresh food products, especially pork, vegetables and fruits expanded by 0.11% as a result of inclement weather, resulting in lower production volumes. For products in other categories Still moving in a normal direction Consistent with the output Sales Promotion and Demand By in March Products used to calculate inflation At 224 high prices, 140 were lower for core inflation. (Less fresh food and energy) grew by 0.30%, an improvement from 0.09% in the previous month.
“Originally, it was expected that inflation was going to be an uptrend. Until August will gradually decline. Due to the softening of fresh food prices And the state does not deal with measures to reduce the cost of living in utilities But there is an upward trend in energy prices to push inflation. At the same time, how to follow up on a package of measures that the government will bring to mitigate and reduce living expenses? If there is a measure to reduce water and electricity bills Which has a high weight in inflation Expected that May inflation high 3% will disappear 2% to 1-1.5% only. NTP will revise the inflation figures, “Wichanan said.
Mr Wichanan said that the EPPO continued to estimate the outlook for May 2021 inflation continued to grow from April. If there are no additional measures to reduce the cost of living from the state The factor from the energy price is high. And the base energy price was very low last year. While other products and services continue to move according to productivity and demand. The government’s economic stimulus measures are expected continuously. Should help increase domestic demand This could offset the reduced demand from tourism. While the global recovery should help Thai exports continue to expand. Agricultural production is likely to fluctuate according to the weather conditions. Affect the price of fresh food And the situation of the epidemic of COVID-19 It is also a pressure on the economic activity and inflation of the country. Must continue to monitor closely
“Inflation is forecast for April that the second quarter inflation will expand 2.95%, the third quarter rose 1.31%, the fourth quarter rose 0.92% in the absence of additional measures to reduce utility fees from the state. And the full year 2021 inflation is expected to move between 0.7 – 1.7%, the median rose by 1.2%, but if the government expands the package to help reduce the cost of living in the commodities for several months. Will have to review the lower forecast for the whole new year, “Wichanan said.
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