Thailand’s December headline Consumer Price Index (CPI) contracted by 0.83% YoY, compared to -0.3% YoY estimated in a Reuters poll. Inflation dropped 0.44% YoY in the previous month, according to the announcement by the commerce ministry on Friday.
Meanwhile, the core CPI, which excludes food and energy prices, rose 0.58% YoY, compared to a 0.6% rise expected in a Reuters poll.
The Ministry of Commerce expected inflation in Thailand this year to move within the range of -0.3% to 1.7% with an expectation for the economy to expand 2.7-3.7% and crude oil prices around $80-90 a barrel.
