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Thailand Inflation October 2023

Thailand: Consumer prices post biggest drop since February 2021 in October

Consumer prices declined 0.3% year-on-year in October, contrasting September’s 0.3% increase. October’s reading represented the largest fall in consumer prices since February 2021.

Annual average inflation fell to 2.3% in October (September: 2.8%). Meanwhile, core inflation ticked up to 0.7% in October, from the previous month’s 0.6%.

Lastly, consumer prices dropped 0.28% in October over the previous month, a smaller decrease than the 0.36% fall seen in September.

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