Headline inflation posts 0.02% decline in August
Headline inflation in August contracted 0.02% year-on-year, the first drop in five months, after the decline of fresh food prices and the government’s launch of stimulus measures to ease the cost of living during the pandemic, says Wuttipong Jittungsakul, deputy spokesperson of the Fiscal Policy Office.
He said some economic indicators in August showed signs of lower growth than in July. This is in line with declining private consumption and investment because of the prolonged pandemic.
Wichit Chantanusornsiri
