Thailand Inflation

Inflation decelerates in May from April

Latest reading: Consumer prices rose 2.8% on a year-on-year basis in May, following a 2.9% rise in the previous month. Relative to the prior month's data, there were reduced price pressures for food and beverages (+0.9% on a year-on-year basis vs +1.0% in April) and transportation and communication (+11.1% vs +11.4% in April). In contrast, price pressures were higher for recreation and education in May (+0.8% vs +0.5% in April). Finally, the variation in housing and utilities prices was the same as in the prior month (+0.1% in May and April). Meanwhile, core consumer prices were up 0.9% on a year-on-year basis in May, following a 0.8% rise in the prior month. Lastly, consumer prices increased 0.17% in May in month-on-month terms, following a 2.75% increase in the previous month.

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