Thailand: Consumer prices post greatest drop in over a decade in May
Consumer prices rose 0.01% over the last month in May, swinging from April’s 2.03% fall. Looking at the details of the release, food and non-alcoholic beverages prices rose at a softer rate in May, however, price pressures for housing and furnishing declined at a more moderate pace.
Consumer prices dropped 3.4% year-on-year in May, a steeper decrease than April’s 3.0% fall. May’s reading represented the largest fall in consumer prices since July 2009. Meanwhile annual average inflation fell to minus 0.1% in May (April: 0.3%). Lastly, core inflation was flat in May, after logging 0.4% in April.