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Thailand’s April headline inflation lowest in 16 months

Thailand recorded its headline inflation dropping to a 16-month low in April, close to expectations due to lower energy and food prices and a high base in 2022, its Commerce Ministry said on May 3.
Thailand’s April headline inflation lowest in 16 months ảnh 1Illustrative image (Photo: VOV Bangkok)
Bangkok (VNA) – Thailand recorded its headlineinflation dropping to a 16-month low in April, close to expectations due to lowerenergy and food prices and a high base in 2022, its Commerce Ministry said on May 3.

The headline consumer price index (CPI) last month rose 2.67% from ayear earlier, compared with a forecast rise of 2.7% in a Reuters poll and an increaseof 2.83% in March.

The core CPI was up 1.66% in April from the sameperiod last year and under a forecast increase of 1.7%.

Headline inflation returned to the Bank of Thailand’s targetrange of 1% - 3% for the second month in a row. The Thai Commerce Ministry saidheadline inflation should fall sharply in May.

In March, the Bank of Thailand raised its policy interestrate by a quarter point to 1.75%, saying that its policy tightening would continuesince inflation risks persisted.

Last month, the Commerce Ministry cut its forecast for thisyear’s headline inflation to 1.7% - 2.7%, down from a previous forecast of 2% -3%./.
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