The annual headline inflation rate in Thailand decelerated in August, driven by a rise in food prices and a decline in energy prices, according to the commerce ministry’s report on Thursday.
The inflation rate stayed below the central bank’s targeted range of 1% to 3%.
Thailand’s headline Consumer Price Index (CPI) registered a 0.35% increase in August compared to the previous year. This comes after a 0.83% annual growth in July and slightly under the projected 0.40% surge in a Reuters survey. The ministry anticipates an uptick in inflation during September.
On the other hand, the core CPI, which excludes the volatile food and energy prices, saw a 0.62% rise in August year-on-year, slightly surpassing the estimated 0.55% increase from the poll.
From January to August, the average annual headline inflation stood at 0.15%, while core inflation measured 0.44%.
