Thai price dynamics reveal surprising trends impacting inflation rates nationwide.
The study looked at how prices change in Thailand by analyzing detailed price data. They found that prices don't change often, but when they do, they usually go down by a lot. Different regions have different price levels and how prices change over time. By looking at relative price changes, they saw that non-monetary factors play a big role in driving inflation. After filtering out random price changes, they found a strong connection between inflation and the job market.