Thailand: Inflation eases slightly in October
November 2, 2016
In October, consumer prices in Thailand inched up 0.16% from the previous month, which was an uptick from the 0.04% rise observed in September. According to the Ministry of Commerce, October’s increase mainly resulted from higher prices for vehicles and energy.
Inflation came in at 0.3% in October, which was below both the 0.4% observed in September and market expectations of a 0.4% rise. Moreover, the reading remains well below the Central Bank’s lower tolerance limit of 1.0%.
Core consumer prices, which exclude prices for energy and fresh food, increased 0.04% from the previous month, exceeding the 0.02% rise seen in September. Core inflation inched down from September’s 0.8% to 0.7% in October.