Thai May headline inflation lowest in 21 months

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Thai May headline inflation lowest in 21 months
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BANGKOK : Thailand's headline inflation rate dropped to its lowest in 21 months in May due to falling energy and food prices and a high base in 2022, the commerce ministry said on Tuesday.The headline consumer price index (CPI) rose 0.53 per cent in May from a year earlier, below a forecast rise of 1.70

BANGKOK : Thailand's headline inflation rate dropped to its lowest in 21 months in May due to falling energy and food prices and a high base in 2022, the commerce ministry said on Tuesday.

The core CPI index in May rose 1.55 per cent from a year ago, below a forecast increase of 1.6 per cent, and against April's 1.66 per cent rise. Headline inflation will further slow in May and contract in June, ministry official Wichanun Niwatjinda told a press conference. The commerce ministry forecast average headline inflation at between 1.7 per cent and 2.7 per cent for this year.

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