Price hikes hit over 200 goods items

Price hikes hit over 200 goods items

The prices of some 204 goods and services have risen during the past 12 months, according to the Trade Policy and Strategy Office (TPSO).

Ronnarong Poonphiphat, the office's director, yesterday unveiled price movements of goods and services during the past year, based on data used to put together the Consumer Price Index (CPI).

The CPI was calculated by comparing prices of 430 goods and services in seven categories of essential items -- food and non-alcoholic beverages, clothes and shoes, housing, medical care and personal services, transport and communications, entertainment, reading and education, and tobacco and alcoholic beverages, he said.

The prices were compared with those during the base year and adjusted for inflation, he said, adding that inflation rose by 1.68% last month, compared to the same month last year. The rate was not high compared to other countries, he said.

For example, the average price of palm oil was 47.03 baht per litre last month and it has increased by 11.11 baht compared to the same month of the previous year while the average price of gasohol 91 was 30.43 baht per litre last month and it has now risen by 8.07 baht, compared to the same month of the previous year, he said.

However, the prices of another 69 goods and services remain unchanged, such as bus fares, and mobile phone fees, while the prices of 157 goods and services have fallen. For example, a kilogramme of pork sirloin which cost an average of 153.74 baht last month has fallen by 8.83 baht from the same month last year while a kilogramme of rice which cost an average of 39.54 baht has fallen by 4.90 baht from the same month the previous year.

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