Consumer prices fall 2.99% in April, biggest drop in 11 years

Consumer prices fall 2.99% in April, biggest drop in 11 years

The headline consumer price index fell 2.99% from a year earlier in April. (Bangkok Post photo)
The headline consumer price index fell 2.99% from a year earlier in April. (Bangkok Post photo)

Thailand's headline consumer price index (CPI) fell 2.99% in April from a year earlier, the largest decline in more than 10 years and sharply below expectations, commerce ministry data showed on Tuesday.

The reading compared with a forecast decline of 1.20% in a Reuters poll, and with March's 0.54% decline. The drop was the largest since the depths of the global financial crisis in July 2009.

The central bank predicts the headline inflation rate will be minus 1.0% this year, compared with its target range of 1-3%.

The annual core inflation rate was 0.41%, compared with a forecast of 0.46%, and March's 0.54%. 



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