Thailand: Inflation edges up in July
Consumer prices decreased 0.05% over the previous month in July, a softer drop than the prior month’s 0.09% decrease. July’s print was primarily driven by lower prices for food and non-alcoholic beverages, which were partially offset by higher prices for energy.
Inflation picked up to 1.5% in July from 1.4% in June, moving closer to the midpoint of the Bank of Thailand’s 1.0%–4.0% target range. July’s result matched market expectations. Lastly, core inflation, which excludes raw food and energy, remained stable at the prior month’s reading of 0.8% in July.