Post by account_disabled on Dec 27, 2023 5:10:38 GMT
"Commerce" reveals March 2020 inflation dropped to 0.54%, negative for the first time in 33 months and the lowest in 51 months due to the drop in oil prices. In just one month, it dropped 11 times and is still affected by the outbreak of the COVID-19 virus. that causes consumption demand to decrease But it's not deflation. Indicates that it has adjusted the inflation target for the whole new year to be negative 0.2% to negative 1%, with a median value of negative 0.6%, indicating that in the worst case, negative 1% will be the most negative in history, Ms. Pimchanok Wonkorphon, Director of the Policy Office. and Trade Strategy (CPC) revealed that the country's general consumer price index or inflation in March 2020 decreased.
That deducted fresh food and oil products decreased by 3.37% and the 3-month average Country Email List increased by 0.53%. The reason for the March 2020 inflation decrease came from the decrease in the oil group to the lowest in 48 months or decreased. 11.14% by oil prices this month decreased by 11 times, while the fresh food group Although it still increased by 2.46%, it was the lowest rate in the year. This is a result of decreased demand for products due to the outbreak of the COVID-19 virus. And consumption also decreased as the number of tourists decreased. Closing of store services and school closure “Inflation has returned to negative. The main reason is the oil factor which has decreased a lot.Therefore, it is an important drag on inflation. by other products still increasing And if we look at the basic inflation index that removes oil and food Inflation is still positive.
But the demand for the product And purchasing power may slow down somewhat during COVID-19. and has not contracted so much that it is called deflationary,” Ms. Pimchanok said . Food and non-alcoholic beverage products increased 1.58% from an increase in Rice flour and flour products 7.68% Meat, duck, poultry and aquatic animals increase 1.78% Eggs and dairy products increase 2.53% Fresh fruits increase 2.25% Food ingredients increase 2.76% Non-alcoholic beverages increase 2.30% Foods consumed at home increase 0.76% Outside the home, the price increased by 0.41%, while fresh vegetables decreased by 5.40%, except for lemons, which had a higher price. For other categories Non-food and beverages decreased by 1.74% from a decrease in fuel of 16.69%, communications decreased by 0.04%, but clothing and shoes increased.
That deducted fresh food and oil products decreased by 3.37% and the 3-month average Country Email List increased by 0.53%. The reason for the March 2020 inflation decrease came from the decrease in the oil group to the lowest in 48 months or decreased. 11.14% by oil prices this month decreased by 11 times, while the fresh food group Although it still increased by 2.46%, it was the lowest rate in the year. This is a result of decreased demand for products due to the outbreak of the COVID-19 virus. And consumption also decreased as the number of tourists decreased. Closing of store services and school closure “Inflation has returned to negative. The main reason is the oil factor which has decreased a lot.Therefore, it is an important drag on inflation. by other products still increasing And if we look at the basic inflation index that removes oil and food Inflation is still positive.
But the demand for the product And purchasing power may slow down somewhat during COVID-19. and has not contracted so much that it is called deflationary,” Ms. Pimchanok said . Food and non-alcoholic beverage products increased 1.58% from an increase in Rice flour and flour products 7.68% Meat, duck, poultry and aquatic animals increase 1.78% Eggs and dairy products increase 2.53% Fresh fruits increase 2.25% Food ingredients increase 2.76% Non-alcoholic beverages increase 2.30% Foods consumed at home increase 0.76% Outside the home, the price increased by 0.41%, while fresh vegetables decreased by 5.40%, except for lemons, which had a higher price. For other categories Non-food and beverages decreased by 1.74% from a decrease in fuel of 16.69%, communications decreased by 0.04%, but clothing and shoes increased.