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Consumer Price Index (CPI) – January 2012
by Cals Fri 24 Feb 2012, 11:28
Consumer Price Index (CPI) – January 2012
Inflation cooled down for the third month
Within expectation – January’s Consumer Price Index (CPI) rose to 2.7% y-o-y (Jan’11: 2.4% y-o-y) and 0.3% m-o-m (Dec’12: 0.1% m-o-m) to 104.5. The CPI result was within our expectation of 2.7-2.9%.
We reckon the primary factor for moderate CPI growth (against Oct’11: 3.4% y-o-y, Nov’11: 3.3% y-o-y, Dec: 3.0%) was due to continue of subsidy to keep prices at bay. Apart from that, the disruption of supply chain has almost recovered from floods in Thailand to keep prices at accommodative level.
CPI expected to trend downwards in coming months – We forecast CPI for Feb’ 12 to decrease to a range of 2.5% to 2.7% due to the waning of consumer demand and stabilisation of food prices.
Inflation cooled down for the third month
Within expectation – January’s Consumer Price Index (CPI) rose to 2.7% y-o-y (Jan’11: 2.4% y-o-y) and 0.3% m-o-m (Dec’12: 0.1% m-o-m) to 104.5. The CPI result was within our expectation of 2.7-2.9%.
We reckon the primary factor for moderate CPI growth (against Oct’11: 3.4% y-o-y, Nov’11: 3.3% y-o-y, Dec: 3.0%) was due to continue of subsidy to keep prices at bay. Apart from that, the disruption of supply chain has almost recovered from floods in Thailand to keep prices at accommodative level.
CPI expected to trend downwards in coming months – We forecast CPI for Feb’ 12 to decrease to a range of 2.5% to 2.7% due to the waning of consumer demand and stabilisation of food prices.
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