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.


Do you like the content of this article?
COMMENT (2)

World's largest volcano erupts in Hawaii

LOS ANGELES: The world's largest active volcano burst into life for the first time in 40 years, spewing lava and hot ash Monday in a spectacular display of nature's fury by Mauna Loa in Hawaii.

05:45

Weed shops to provide smoke spots

Cannabis sellers on Khao San Road will be told they must operate their own smoking places to help keep the local environment free of the pungent smell of marijuana.

05:00

PPRP and UTN are 'like one'

Deputy Prime Minister and Palang Pracharath Party leader Prawit Wongsuwon has downplayed reports of party MPs seeking to defect to the United Thai Nation Party, saying the two parties are "like one".

04:00