Thailand inflation likely bucked trend in June

Thailand will release June CPI inflation data on 1 July. 

A less negative rate of 0.99% y/y, versus a negative 1.27% y/y in Mayis expected, said Standard Chartered in a report on Friday. The slow recovery in domestic demand likely kept inflation in negative territory. Several factors are likely to pose upside risks to inflation in H2-2015, including higher global oil prices, a weaker local currency, and severe drought in many agricultural regions of the country, adds Standard Chartered. 

Thailand is a net oil importer, and these factors could raise production costs in the manufacturing sector.