Thailand’s consumer price index (CPI) surged by 0.83% in July compared to the same period last year, as confirmed by the commerce ministry on Wednesday. This jump follows a 0.62% increase seen in the previous month.
The data surpassed expectations set in a Reuters poll, which had predicted a 0.70% rise, and was beyond the central bank’s target range of 1% to 3%. Moreover, the core CPI, which eliminates volatile food and energy costs, experienced a 0.52% rise year-on-year in July.
