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.”
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