Headline inflation to stray into negative territory, Bank of Thailand reports
Sharp decline in oil prices and government measures push forecast for headline inflation to -1.7%
The Bank of Thailand projects headline inflation will fall into negative territory this year following a number of government initiatives.
The central bank’s latest monetary policy report, published July 8, says headline inflation is projected to average -1.7% this year. However, the central bank expects it to rise to 0.9% in 2021.
The decline in headline inflation is partly due to the sharp decline in energy prices following cuts to global crude oil prices as a result of the Covid-19 pandemic
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