Intellasia East Asia News – Thai headline CPI rises 5.98pct y/y in Oct, less than forecast

Thailand’s headline consumer price index (CPI) rose 5.98 percent in October from a year earlier, commerce ministry data showed on Monday, slightly lower than forecast.

The rise follows September’s 6.41 percent increase and was just shy of the 6.0 percent forecast in a Reuters poll.

The core CPI index, which strips out energy and fresh food prices, was up 3.17 percent in October from a year ago, versus a forecast rise of 3.20%.

“The inflation situation is slowing,” senior commerce official Poonpong Naiyanapakorn told a briefing.

“It is expected to slow in the remaining two months.”

https://www.reuters.com/markets/asia/thai-headline-cpi-rises-598-yy-oct-less-than-forecast-2022-11-07/

 

Category: Thailand