Thai Inflation Rate Reaches 33-Month Low in November

The inflation index in November decreased by 0.25% compared to the previous month and 0.44% compared to the same month last year.

In November, the prices of goods experienced a decline due to cost-of-living reduction measures implemented by the state sector. These measures had a noticeable impact on energy prices. The Ministry of Commerce also reported a decline in the prices of fresh food, resulting in the lowest inflation rate in 33 months.

Key Takeaways

• Inflation in Thailand dropped to its lowest level since February 2021, attributed to government measures and lower prices for basic foods.
• Headline inflation has only risen by 1.41% this year, indicating a relatively stable inflation rate.
• Looking ahead to next year, the ministry anticipates a further deceleration of inflation, with a projected range of -0.3% to 1.7%.

The drop in inflation was attributed to the government’s…