PUBLISHED : 6 Nov 2023 at 10:59
Thailand’s inflation rate fell for the first time in 25 months, thanks to falling energy prices due to government support measures and lower food prices, the commerce ministry said on Monday.
The consumer price index (CPI) fell 0.31% in October from a year earlier, versus a 0.3% year-on-year rise in the previous month, according to data. The figure compared with a forecast 0.0% for October in a Reuters poll.
The core CPI was up 0.66% year-on-year in October. Headline inflation has been below the central bank’s target of 1% to 3% for the sixth consecutive month. In the January-October period, the headline CPI rose an average 1.60% from the same period a year earlier, with the core CPI up 1.41%.
The…
