Thailand’s consumer price rose 5.28% YoY in February, the highest in 13 years and higher than 4.05% estimated by economists. Excluding fresh foods and energy, inflation rose 1.80%.
A surge in energy prices is the main reason for higher inflation in February, says the Ministry of Finance on Friday. Products in the energy segment rose 29.22% during the month, compared to a 19.22% rise in February 2021.
The Trade Policy and Strategy Office of Thailand expects the Bank of Thailand and the Ministry of Commerce to use appropriate tools to control the inflation, believing that the figure will decline if oil prices edge lower.
