Thailand’s inflation rate has continued to recede, with the latest rate hitting a 16-month low at 2.67%, while prices of many items have however increased.
Trade Policy and Strategy Office (TPSO) director Poonpong Naiyanapakorn said the inflation rate is expected to decrease further in May to below 2%, in line with retail pricing of products used for the calculation, and lower year-on-year fuel prices.
TPSO will continue to monitor risk factors that may affect the inflation rate, including the high cooking gas price, the drought disaster affecting agricultural produce, and the recovery of the tourism sector that may affect the prices…
