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Inflation to ease as food, fuel prices fall

Target for whole year maintained at 2-3%

People buy food items in Bangkok’s Yaowarat neighbourhood. The Commerce Ministry said headline inflation, gauged by the consumer price index, stood at 3.79% year-on-year in February 2023, easing for a second straight month. Apichart Jinakul

Thailand’s headline inflation is expected to decelerate this month after growing during January and February.

Wichanun Niwatjinda, deputy director-general of the Trade Policy and Strategy Office (TPSO), said the main contribution would be lower prices for fresh food and fuel as global market prices declined last year, in addition to a high price base in March.

Moreover, lower exports from weak demand and tightening…

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