Thai PPI index edges downwards, but still higher than many major economies
Thailand’s Producer Price Index (PPI) declined year on year for the second consecutive month in keeping with the global trend this year.
Poonpong Naiyanapakorn, the director-general of the Trade Policy and Strategy Office (TPSO), said on Monday that the global PPI showed a clear downward trend this year, with a significant decrease of 2.5% in China, its lowest level in 33 months.
The PPI measures the average change over time in the prices that domestic producers receive for their output. It is a measure of inflation at the wholesale level that is compiled from thousands of indices measuring producer prices by industry and product category.
The Nation Reporter