Cost of living up in November

The consumer price index for November rose 2.74% year-on-year, compared with a 3.32% increase reported in October and a 3.38% increase reported for September, the Internal Trade Department reported on Monday.

The index stood at 116.41 points in November.

Higher prices were mainly due mainly to non-food products which gained 3.27% year-on-year. The prices of food and drink also gained 1.92% over November last year.

The Bank of Thailand on Nov 28 held borrowing costs after an unexpected cut in October, citing strong local demand and an improving global economy.

Governor Prasarn Trairatvorakul said last week there is no need for another reduction, as the current rate is quite balanced, both in terms of growth and price.

For the first 11 months, inflation rose 2.96% year-on-year because of higher prices of food and beverage, water, power, and vehicles, with core inflation at 2.13%.

The core consumer price index, which takes out fluctuated prices of food and fuel, stood at 108.84 points in November, up 1.85% from the same month last year. The core index for the 11 months of 2012 so far was 2.13%.


About the author

columnist
Writer: Phusadee Arunmas
Position: Business Reporter