Thai February headline inflation rate seen rising to 0.58 percent: Reuters poll

BANGKOK (Reuters) – Thailand’s annual headline inflation rate in February likely accelerated from the previous month, but stayed below the central bank’s target range for a fourth straight month, while factory output growth probably picked up in January, a Reuters poll showed.

The median forecast of 10 economists was for the headline consumer price index (CPI) to rise 0.58 percent in February from a year earlier after January’s 0.27 percent increase.

The Bank of Thailand (BOT) has forecast 2019 headline inflation of 1.0 percent, against its 1-4 percent target range.

The core inflation rate, which strips out energy and fresh food prices, was seen at 0.70 percent in February, according to the poll. It was 0.69 percent in January.

Thailand’s manufacturing production index in January probably rose 1.1 percent from a year earlier, after December’s 0.75 percent increase.

Earlier this month, the BOT left its benchmark interest rate unchanged after tightening in December for the first time in more than seven years.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.