PREVIEW: Thailand's June CPI likely rose 2.49% on-year and 0.10% on-month vs May's 2.53% on-year and 0.39% on-month rise, according to a median forecast of eight economists polled by Dow Jones; the country's core CPI in June likely rose 1.98% on-year and 0.20% on-month vs May's 1.95% on-year and 0.29% on-month rise. "Inflation likely eased in June due to declining crude prices. Falling oil prices would likely offset inflationary pressures stemming from wage increases," says Kobsidthi Silpachai, head of capital markets research at Kasikornbank. The Bank of Thailand projects 2012 inflation at 3.5%. June CPI data will be released at 0330 GMT Monday.
Thursday, 28 June 2012
Thai June CPI Likely Up 2.49% On Year - Poll
PREVIEW: Thailand's June CPI likely rose 2.49% on-year and 0.10% on-month vs May's 2.53% on-year and 0.39% on-month rise, according to a median forecast of eight economists polled by Dow Jones; the country's core CPI in June likely rose 1.98% on-year and 0.20% on-month vs May's 1.95% on-year and 0.29% on-month rise. "Inflation likely eased in June due to declining crude prices. Falling oil prices would likely offset inflationary pressures stemming from wage increases," says Kobsidthi Silpachai, head of capital markets research at Kasikornbank. The Bank of Thailand projects 2012 inflation at 3.5%. June CPI data will be released at 0330 GMT Monday.
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