Thailand: Inflation comes in at highest level since May in October
November 5, 2021
Consumer prices increased 0.74% in October over the previous month, coming in below the 1.59% increase logged in September. Looking at the details of the release, prices for food and non-alcoholic beverages rose in October, although prices for housing and furnishing dropped after growing in the previous month.
Inflation increased to 2.4% in October, rising from September’s 1.7% print and thus clocking the highest inflation rate since May. Annual average inflation rose to 0.8% in October (September: 0.5%), while core inflation was stable, coming in at September's 0.2% in October.
Author: Stephen Vogado, Economist