October dip was first in 25 months
Analysts are expressing concerns about Thailand’s first year-on-year decline in inflation in 25 months, saying the dip in the consumer price index (CPI) reflects growing risks of an economic slowdown and deflation.
BofA Securities, previously known as Bank of America Merrill Lynch, said the October inflation figure marked the first year-on-year decline since August 2021, “falling well below the consensus forecast of a 0.05%”…
