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May headline CPI jumps 7.1% y/y, beats forecast

A vendor sells fruits at Bang Khae fresh market in Bangkok on April 18, 2022. The country’s headline consumer price index rose 7.1% in May from the same month of last year. (Photo: Arnun Cholmakatrakool)

Thailand’s headline consumer price index (CPI) rose a much faster than expected 7.10% in May from a year earlier, the Commerce Ministry said on Monday.

That compared with a forecast rise of 5.78% in a Reuters poll and following April’s 4.65% increase. The core CPI index was up 2.28% from a year earlier, also beating a forecast for a 2.2% rise.

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