Thailand’s consumer inflation at 35-month low with 1.11% YoY decline- Republic World

Thai inflation declines: Thailand experienced a drop in its annual consumer inflation rate, reaching its lowest point in 35 months in January, according to recent data. The consumer price index (CPI) fell by 1.11 per cent year-on-year (YoY), marking the fourth consecutive monthly decline. Factors contributing to this downturn include government energy subsidies, reduced food prices, and a high base effect from the previous year.

The Commerce Ministry anticipates a further easing of price pressures in the first quarter, with a projected 0.7 per cent YoY decrease in the headline CPI. Despite persistent inflation below the central bank’s target range of 1 per cent to 3 per cent,…