The following information was originally transmitted by Goldman Sachs research:
Thailand's August headline inflation inched up to 1.6% yoy, from 1.5% in June, led by unfavorable base effects. The reading was above Bloomberg consensus expectations but below ours. Core inflation moderated to 0.7% yoy in August from 0.8% in July. Today's inflation reading takes the annual average of headline inflation (the inflation target measure of the BOT) to 1% yoy, within the 1%-4% target band for the first time since March 2015.
Key numbers: Headline August CPI: +1.6% yoy (+0.2% mom s.a. by GS) vs. Bloomberg consensus: +1.5% yoy; GS forecast: +1.7% yoy; Previous: +1.5% yoy (+0.2% mom s.a.) Core CPI: +0.7% yoy vs. Bloomberg consensus: +0.8% yoy (+0.0% mom s.a.); Previous: +0.8% yoy (+0.0% mom s.a.)