World

Thailand: CPI decreases for 14th consecutive month

Thailand’s Consumer Price Index (CPI) fell for the 14 th straight month from a year ago, by 0.5 percent in February, due to continued drop in energy and electricity prices.
Thailand: CPI decreases for 14th consecutive month ảnh 1Illustrative image (Source: malaysiainsider.com)

Bangkok (VNA) – Thailand’s Consumer Price Index (CPI) fell for the 14 th straight month from a year ago, by 0.5 percent in February, due to continued drop in energy and electricity prices, according to the Commerce Ministry.

The Ministry, however, affirmed that the national economy still saw positive signs as a result of stimulus measures taken by the Government.

February’s CPI inched up 0.15 percent from January, showing a rise since November 2015, driven by the Government’s stimulus measures.

For the first two months of this year, the country’s CPI declined by 0.52 percent year on year.

The Ministry revised downward its 2016 inflation-rate forecast to zero-1 percent from the previous 1-2 percent forecast.

The revision was based on the country’s GDP growth forecast of 2.8-3.8 percent for this year.-VNA

VNA
#Thailand#consumer price index#CPI#GDP
Follow VietnamPlus

Related News

Tourists shop at a market in Bangkok on June 14 (Photo: VNA)

Thai economy shows signs of recovery

The Thai Fiscal Policy Office (FPO) has reported that the country’s economy has shown some positive sentiments as a result of domestic spending.
Thailand’s GDP growth forecast down

Thailand’s GDP growth forecast down

Thailand’s gross domestic product (GDP) will grow by 3.1 percent this year, lower than the earlier projected growth of 3.2 percent this year and 4.2 percent next year.
Thai economy in Q3 grows faster than forecast

Thai economy in Q3 grows faster than forecast

Thailand’s economy grew faster in the third quarter of 2015 than previous forecasts thanks to the government’s economic stimulus package and higher-than-expected number of inbound tourists.
Thailand ready for AEC integration

Thailand ready for AEC integration

Thailand, one of the ten countries with the strongest competitiveness in Southeast Asia, is ready for both opportunities and challenges from the ASEAN Economic Community, a Thai official has said.

See more

At Pulau Seraya power station (Photo: Straitimes)

Singapore begins construction on hydrogen-fueled power plant

Singapore on October 23 began the construction of an 800 million USD power plant that has the capability to use hydrogen to generate electricity, as part of a push to utilise the fuel to reach Singapore’s net-zero carbon emissions target by 2050.

Delegates at the event (Photo: VNA)

125th anniversary of Permanent Court of Arbitration celebrated

The Permanent Mission of Vietnam to the United Nations and missions of the Philippines, Australia, Egypt, Guatemala, Hungary, Thailand, France, Eritrea and Austria, organised a ceremony on October 22 to celebrate the 125th anniversary of the Permanent Court of Arbitration (PCA), as part of the International Law Week at the UN General Assembly's Legal Committee (Sixth Committee).

CEO of the Malaysia Digital Economy Corporation Anuar Fariz Fadzil (Photo: focusmalaysia.my)

Malaysia continues placing emphasis on digitalisation

The Budget 2025 provides significant support to further accelerate Malaysia’s digitalisation, encourage adoption of artificial intelligence (AI) and drive inclusive growth, further positioning Malaysia as a leading digital hub within the ASEAN region, according to CEO of the Malaysia Digital Economy Corporation (MDEC) Anuar Fariz Fadzil.

Malaysia's economic reforms boost investment inflow (Photo: thestar.com.my)

Malaysia's economic reforms boost investment inflow

Malaysia has attracted substantial foreign investments, reaching 22.2 billion MYR (5.16 billion USD) in the third quarter of 2024, the highest level for the same period since 2012, according to UOB's Global Markets and Economics report.

Ambassador Dang Hoang Giang, Permanent Representative of Vietnam to the UN speaks at the debate (Photo: VNA)

Maintaining peace, stability a must for progress on human rights: Ambassador

Progress in human rights can only be achieved by maintaining peace and stability, respecting the rule of law at both the international and national levels, and ensuring respect for the principles of national sovereignty and non-interference in internal affairs, said Ambassador Dang Hoang Giang, Permanent Representative of Vietnam to the UN.

A visitor browses travel promotions at a travel fair in Nonthaburi province. (Photo: Bangkok Post)

Thailand plans enhanced support for domestic tourism

Thailand’s Ministry of Tourism and Sports is aiming to increase subsidy to local tourists in the upcoming stimulus scheme to 50% and would like to change the criteria for online travel agents, mandating them to register in Thailand to avoid losing income to foreign companies.

Oil field offshore Indonesia. (Photo: thejakartapost.com)

Indonesia begins major oil, gas exploration in Sulawesi

Indonesia's state-owned oil company Pertamina, along with foreign partners Sinopec from China and Kuwait’s Kufpec, has signed a contract to explore the Melati oil and gas block, located off the coast of Sulawesi. The block is estimated to contain trillions of cubic feet of gas reserves.