labels: inflation
August inflation surged to 2.53%, driven by rising oil and food prices. Watch out for further increases in Q4 due to the impact of El Niño.
Inflation in August 2569 surged to 2.53%, driven by rising oil and food prices. The Ministry of Commerce maintained its full-year inflation target of 1.5-2.5%, but noted that Q4 could see it reach 2.7% if the war drags on and if El Niño continues to impact the economy.Thanks to IT bonuses, South Korean department stores raked in profits, boosting luxury goods sales to the point where the central bank had to warn of inflation.
South Korea's central bank warned that large bonuses for IT and semiconductor employees like Samsung and SK Hynix could trigger inflation to exceed its target.Inflation in May reached 2.79%, impacted by high fuel prices and price increases for fast food.
The Commerce Ministry revealed that inflation in May 2569 rose to 2.79% due to the impact of rising global oil prices and processed food prices, but slowed compared to the previous month. The trend for June is expected to remain the same.Kevin Warsh proposes changing the way inflation is measured; the Fed risks a reversal of its policy approach.
Kevin Warsh, Donald Trump's candidate for Federal Reserve chairman, proposed using an "outsiderizing" inflation index instead of core PCE to better reflect core inflation.Thailand's inflation rate in February 69 was -0.88%, with an expected increase in March due to the oil price war.
Thailand's inflation rate in February 69 was -0.88%. The Commerce Ministry is monitoring the situation in March, noting a potential reversal to an upward trend as a result of the Middle East conflict, particularly if oil prices rise.The Bank of Thailand indicates that a $10 surge in oil prices has pushed inflation up by 0.5% and dragged Thailand's GDP down by 0.15%.
The Governor of the Bank of Thailand assessed that a prolonged conflict in the Middle East is causing global oil prices to surge. He indicated that every $10/barrel increase would impact Thailand's GDP by 0.1-0.15% and boost inflation by 0.4-0.5%.The Central Bank of Zimbabwe is pressuring commercial banks to lower fees to increase incentives for saving.
The Central Bank of Zimbabwe is pressuring commercial banks to lower fees and increase savings incentives amid a slowdown in inflation to 4.1% and complaints from businesses that service fees remain too high.Inflation in June -0.25%, contracting for 3 consecutive months, confirming that Thailand has not yet entered deflation.
Commerce Ministry reveals general inflation in June is negative 0.25%, negative for 3 consecutive months, confirms that it has not entered deflation, due to energy prices as a factor, maintains the inflation forecast for the whole year at 0-1%, the median is 0.5%Commerce Ministry reveals April 68 inflation at -0.22%, first negative in 13 months
Commerce Ministry reveals April 68 inflation rate drops by 0.22%, first negative in 13 months, mainly due to declines in energy pricesJapan to declare 'end of deflation' after inflation exceeds 2% target for more than 3 years
Japan prepares to declare "end of deflation" after inflation exceeds 2% target for more than 3 years and withdraws major economic stimulus measures that have been in place for more than 10 years in 67.
