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Thailand Inflation May 2023

Thailand: Inflation falls to over one-year low in May

Inflation fell to 0.5% in May below April’s 2.7%. May’s figure marked the weakest inflation rate since August 2021.

Annual average inflation fell to 5.1% in May (April: 5.7%). Meanwhile, core inflation fell to 1.5% in May, from April’s 1.7%.

Lastly, consumer prices fell 0.71% in May over the previous month, contrasting the 0.19% increase recorded in April. May’s result marked the weakest reading since May 2021.

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