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Standard Chartered's SCB EIC forecasts Thai headline inflation will accelerate to 2.3 percent in 2017, mainly due to higher oil prices. It expects Brent crude to average $54 per barrel in 2017.
The analysis says inflation will raise production costs for producers and reduce purchasing power for fixed-income earners, while benefiting oil and commodity exporters.
Higher crude prices feed through to diesel, transport and fertilizer costs for feed producers, so the forecast points to firmer input costs in Thailand.
scbeic.comJan 30, 2017After 323 past bullish macro events, Crude Oil (Brent) moved a median +0.7% over 5 sessions (58% higher; middle half -2.9% to +3.7%), and +1.3% over 20.
After 487 past bullish macro events, Crude Oil (WTI) moved a median +1.0% over 5 sessions (60% higher; middle half -2.0% to +4.0%), and +1.5% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
