Thailand: Inflation declines to lowest level since April in October

Inflation came in at 6.0% in October, down from September’s 6.4%. October's reading marked the lowest inflation rate since April.

Annual average inflation rose to 5.5% in October (September: 5.2%). Meanwhile, core inflation ticked up to 3.2% in October, from September’s 3.1%.

Finally, consumer prices rose 0.33% in October over the previous month, picking up from September's 0.22% increase. October's result was the sharpest increase in prices since June.

FocusEconomics Consensus Forecast panelists project inflation to average 5.3% in 2022, up 0.6 percentage points from last month’s forecast, while for 2023, panelists project average inflation of 2.1%.