Thailand’s headline inflation dropped to its lowest in 16 months in April, coming in close to expectations owing to lower energy and food prices and a high base in 2022, the Commerce Ministry said on Wednesday.
The headline consumer price index (CPI) rose 2.67% in April from a year earlier, compared with a forecast rise of 2.70% in a Reuters poll, and against March’s 2.83% increase.
The core CPI index was up 1.66% in April from a year ago and under a forecast increase of 1.70%.
Headline inflation returned to the Bank of Thailand’s (BoT) target range of 1% to 3% for the second month in a row. The Commerce…
