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Thailand Inflation May 2024

Thailand: Inflation comes in at highest level since April 2023 in May

Inflation came in at 1.5% in May, which was up from April’s 0.2%. May’s result was the highest inflation rate since April 2023. Looking at the details of the release, prices for food and beverages rose at a faster pace in May and prices for housing and utilities rebounded.

The annual average variation of consumer prices was flat in May (April: -0.1%). Meanwhile, core inflation was stable, coming in at April’s 0.4% in May.

Lastly, consumer prices rose 0.63% in May over the previous month, below April’s 0.85% rise.

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