People visit a street food fair near the Sam Yan MRT station, Bangkok, on May 25, 2023. (Photo: Chanat Katanyu)
Thailand’s headline inflation rate dropped to its lowest in 21 months in May due to falling energy and food prices and a high base in 2022, the Commerce Ministry said on Tuesday.
The headline consumer price index (CPI) rose 0.53% in May from a year earlier, below a forecast rise of 1.70% in a Reuters poll, and against April’s 2.67% year-on-year increase.
The core CPI index in May rose 1.55% from a year ago, below a forecast increase of 1.6%, and against April’s 1.66% rise.
It was the third month in a row that headline inflation came in within the Bank of Thailand’s (BoT) target range of 1% to 3%.
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