The Commerce Ministry of Thailand announced today that the country’s inflation rate has dipped for the first time in 25 months, primarily due to a drop in energy and food prices. This development is attributed to the government’s support measures.
The consumer price index (CPI) noted a 0.31% reduction in October, compared to the same period last year. This contrasted with a 0.3% year-on-year increase in the previous month. The data matched the forecasted 0.0% for October, as predicted in a Reuters poll.
Meanwhile, the core CPI for October escalated by 0.66% from the same period last year. Interestingly, the headline inflation remained below the central bank’s target range of 1% to 3% for six months in succession. The first ten months of the year saw the headline CPI rise by an average of 1.60% from the same period a year earlier, while the core CPI…
