Thai Inflation Quickens in Oct but Still Below Central Bank Target
06-Nov-2024
Thailand's annual headline inflation rate quickened in October due to higher energy and food prices, the commerce ministry said on Wednesday, but still remained below the central bank's target range of 1% to 3%.
The headline consumer price index (CPI) rose 0.83% in October from a year earlier, the commerce ministry said. That was below a forecast rise of 0.94% in a Reuters poll, and followed September's annual increase of 0.61%. The core CPI, which excludes volatile food and energy prices, increased 0.77% in October from a year earlier, in line with a forecast rise of 0.79% in the poll. For the January-October period, average annual headline inflation was 0.26%, with core inflation at 0.52%.
News Source:- https://money.usnews.com/investing/news/articles/2024-11-05/thai-headline-cpi-rises-0-83-y-y-in-oct-below-forecast
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