Inflation slowed for a second month in November thanks to energy subsidy and easing food prices, particularly for vegetables and fruits, as the harvest season began.
The consumer price index rose 2.74% year-on-year last month, compared with the increases of 3.32% in October and 3.38% in September.Higher prices last month were mainly due to non-food products, which gained 3.27% year-on-year. The prices of food and drinks also picked up 1.92% on-year.
After an unexpected cut in October, the Bank of Thailand last Wednesday kept the policy interest rate steady, citing strong local demand and an improving global economy.
This article is older than 60 days, which we reserve for our premium members only.You can subscribe to our premium member subscription, here.