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Thailand Inflation October 2021

Thailand: Inflation comes in at highest level since May in October

Consumer prices increased 0.74% in October over the previous month, coming in below the 1.59% increase logged in September. Looking at the details of the release, prices for food and non-alcoholic beverages rose in October, although prices for housing and furnishing dropped after growing in the previous month.

Inflation increased to 2.4% in October, rising from September’s 1.7% print and thus clocking the highest inflation rate since May. Annual average inflation rose to 0.8% in October (September: 0.5%), while core inflation was stable, coming in at September’s 0.2% in October.

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