Thailand’s commerce ministry reported a 0.19% year-on-year increase in the country’s consumer price index (CPI) for April. This marks a significant improvement from the 0.47% year-on-year decline recorded in the previous month.
The data surpassed expectations, as a Reuters poll had predicted a 0.25% decrease in the CPI for April. Additionally, the core CPI for April, which excludes volatile food and energy prices, saw a 0.37% increase.
The Thai Commerce Ministry expected inflation in May to be 1.0%-1.5%, while noting that inflation should be positive for the rest of the year due to high energy prices. Prices are moving into a target range of 1-3%, according to the Commerce Ministry.
