The consumer price index (CPI), a gauge of headline inflation, fell 1.17% year-on-year in February, marking the 12th straight monthly decline since March 2020.
According to Phusit Ratanakul Sereroengrit, director-general of the Trade Policy and Strategy Office, the decline was largely because of the government measures to reduce the cost of living via electricity and water bills, effective from February to March.
In addition, prices of raw food, especially rice, glutinous rice and fresh vegetables, dropped significantly following the increase in supply and relatively low prices compared with the previous year.
Other items, except fuel prices, mostly moved in line with supply and demand. Fuel prices increased for the first time in 13 months, owing to higher global oil prices, he said.
Core inflation, which strips out volatile energy and food categories, rose by…
