Economic news

Thai inflation lowest in nearly three years – commerce ministry

2024.02.04 23:13


© Reuters. Skyscrapers are photographed in opposition to the setting solar in Bangkok, Thailand, January 4, 2023. REUTERS/Athit Perawongmetha/File Photo

BANGKOK (Reuters) – Thailand’s headline shopper worth index (CPI) dropped to its lowest in 35 months in January, falling 1.11% from a 12 months earlier, versus a 0.83% 12 months-on-12 months fall in the earlier month, the commerce ministry stated on Monday.

The determine in contrast with a forecast fall of 0.82% for January in a Reuters ballot.

The core CPI elevated 0.52% 12 months-on-12 months in January, versus a forecast rise of 0.57%.

The decline in January was the fourth in as many months and was pushed by authorities vitality subsidies, decrease meals costs, and a excessive base impact from final 12 months, the ministry stated.

It was the ninth straight month that headline CPI was beneath the central financial institution’s goal vary of 1% to three%.

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