Inflation up 0.3% - Commerce Ministry
text size

Inflation up 0.3% - Commerce Ministry

People shop at Wang Lang Market in Bangkok Noi district in Sept 2023. (Photo: Apichart Jinakul)
People shop at Wang Lang Market in Bangkok Noi district in Sept 2023. (Photo: Apichart Jinakul)

Thailand's headline consumer price index (CPI) rose 0.3% in September from a year earlier, slowing from a 0.88% year-on-year increase in the previous month, the Commerce Ministry said on Thursday.

The figure compared with a forecast rise of 0.8% for September in a Reuters poll. The core CPI was up 0.63% year-on-year in September.

Inflation in September slowed due to lower energy prices from government support measures and a decline in food prices, the Commerce Ministry said, adding inflation would slow on a quarter-on-quarter basis.

Thai inflation has been below the Bank of Thailand's (BoT) target of 1% to 3% for the fifth consecutive month.

In the first nine months of the year, headline inflation rose at an average of 1.82% and core inflation rose 1.5% from the same period a year earlier.

BoT governor Sethaput Suthiwartnarueput said on Wednesday that Thailand's economic recovery is intact but inflation risks could weigh on the country's growth outlook.

Do you like the content of this article?
COMMENT (1)