Thailand's headline inflation falls for first time in 25 months
Thailand's headline inflation fell for the first time in 25 months in October as energy and food prices decreased due to government measures, official data showed on November 6.
Thailand's headline inflation falls for first time in 25 months (Photo: thaiembassy.com)
Hanoi (VNA) – Thailand's headline inflation fell for the first time in 25months in October as energy and food prices decreased due to government measures,official data showed on November 6.
Theconsumer price index (CPI), a key indicator of inflation, declined 0.31% from a year earlier last month, down from a0.3% increase in August, according to the Ministry of Commerce.
TheOctober inflation growth was below the Bank of Thailand's target range of 1-3 %for the sixth month.
Thecore CPI, which excludes raw food and energy prices, edged up to 0.66 % inOctober from 0.63 % in the previous month.
Headlineinflation is expected to decrease slightly in November owing to a downwardtrend in food prices and last year's high comparative base, said PoonpongNaiyanapakorn, Director General of the ministry's Trade Policy and StrategyOffice.
Accordingto Poonpong, increasing domestic demand on the back of tourism recovery andhigher prices of key agricultural products, along with ongoing geopoliticaltensions, can disrupt inflation expectations.
🌜 Healso noted that the ministry still maintains its headline inflation growthforecast for 2023 at between 1% to 1.7 %./.
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Thailand's headline inflation falls for first time in 25 months (Photo: thaiembassy.com) 
