Thailand’s headline inflation dropped to its lowest rate in 13 months in February and came in below expectations, Commerce Ministry data showed on Tuesday, helped by easing energy and food prices.
The headline consumer price index (CPI) rose 3.79% in February from a year earlier, compared with a forecast rise of 4.18% in a Reuters poll, and against January’s 5.02% increase.
Inflation remains above the Bank of Thailand’s (BoT) target range of 1% to 3%, suggesting the central bank will raise its key interest rate again at its next meeting on March 29 as it attempts to get inflation back within target.
The core…
