September headline inflation rises 0.32% y-o-y, below forecast

September headline inflation rises 0.32% y-o-y, below forecast

Glutinous rice has increased in price this year, but headline inflation was lower than expected in September. (Photo courtesy of Commerce Minister)
Glutinous rice has increased in price this year, but headline inflation was lower than expected in September. (Photo courtesy of Commerce Minister)

Thailand's annual headline consumer price index (CPI) rose 0.32% in September from a year earlier, less than expected, commerce ministry data showed on Tuesday.

That compared with a Reuters forecast of 0.44% in September, and against August's 0.52%.

September's headline inflation was the lowest level since January and stayed below the Bank of Thailand (BoT)'s 1%-4% target range for a fourth straight month.

The BoT forecast headline inflation of 0.8% for this year while the commerce ministry predicts 0.7%-1.0%.

The annual core inflation rate was 0.44% in September, compared with a forecast of 0.43%, and August's 0.49%.

In January-September, headline inflation was 0.81% and core inflation was 0.54%.

Last week, the BoT left its policy interest rate unchanged at 1.50%, after a surprise cut in August. It will next review monetary policy on Nov 6.


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