January inflation quickens to 1.05%

January inflation quickens to 1.05%

A vendor waits for customers at a morning market in Chiang Kham district of Phayao. (Photo by Wichan Charoenkiatpakul)
A vendor waits for customers at a morning market in Chiang Kham district of Phayao. (Photo by Wichan Charoenkiatpakul)

The Consumer price index (CPI) rose 1.05% in January from a year earlier, quickening from the previous month and beating expectations, Commerce Ministry data showed on Thursday.

A Reuters poll had forecast the CPI would rise 0.96% year-on-year in January after December's 0.87% increase.

The headline reading was the highest in eight months and returned to the Bank of Thailand's 1%-3% target range.

The annual core inflation rate was 0.47% in January, slightly lower than a forecast of 0.50%, and against 0.49% in December.

The ministry forecast headline inflation of between 0.4% and 1.2% for 2020.


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