Customers examine food items at a Big C supermarket in Bangkok. Mr Wichanun says the inflation rate is trending downwards. (Photo: Nutthawat Wicheanbut)
The country’s rate of inflation last month plunged to a 21-month low attributed to decreasing fuel prices and electricity bills as well as a high price base in May last year, with the rate expected to continue easing in June.
According to Wichanun Niwatjinda, deputy director-general of the Trade Policy and Strategy Office, inflation in June is expected to continue slowing or even contract following a drop in energy prices, particularly fuel prices, which are dipping significantly from May 2022.
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