Thailand: Inflation flat in May
June 2, 2017
In May, consumer prices increased 0.15% on a month-on-month basis, virtually matching April’s 0.16% increase. Core consumer prices, which exclude energy and fresh food, increased 0.01% in May compared to the previous month (April: +0.02% month-on-month).
Inflation was flat in May, below April’s 0.4% and also below market analysts’ forecast of a milder deceleration to 0.2%. The reading, a 14-month low, was thus further below the Central Bank’s target band of 1.0%-4.0%. Core inflation was steady at 0.5% in May.