The consumer price index (CPI), a gauge of headline inflation, fell 0.34% year-on-year last month, marking the 11th straight monthly decline since March 2020.
According to Pimchanok Pitfield, director-general of the Trade Policy and Strategy Office, major contributions came from low energy prices (down 4.82%) from a decrease in the fuel tariff (Ft), a key factor for calculating monthly power bills, and a continuous decline in rice and glutinous rice prices since the end of 2020 as Thai rice production was not affected by drought and demand remains stable.
Prices of fresh vegetables, seasonings and condiments rose as a result of flooding in the southern Thailand, and palm oil prices increased following higher domestic demand.
According to Mrs Pimchanok, of the 430 product and service items used to gauge inflation, the prices of 229 items rose from December,…
