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Thai headline CPI rises 5.98% y/y in Oct, less than forecast

  • Nov 07, 2022

BANGKOK, Nov 7 (Reuters) – Thailand’s headline consumer price index (CPI) rose 5.98% in October from a year earlier, commerce ministry data showed on Monday, slightly lower than forecast.

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

The core CPI index, which strips out energy and fresh food prices, was up 3.17% 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.”

Source: https://www.reuters.com/markets/asia/thai-headline-cpi-rises-598-yy-oct-less-than-forecast-2022-11-07/?rpc=401&