Analysts suggest adjusting portfolios and investing in defensive stocks such as healthcare and ICT to hedge against soaring consumer prices as inflation jumped to 7.66% in June, the highest in 14 years.
The core inflation rate stood at 2.51%, the most since March 2012, giving the average six-month inflation rate during January to June at 5.61%.
The Commerce Ministry kept its full-year core inflation forecast at 4.5%. However, the Monetary Policy Committee (MPC) is expected to accelerate the interest rate by 25 basis points at the next meeting on Aug 10 while the baht will continue to weaken.
