The commerce ministry reported that Thailand’s headline consumer price index (CPI) decreased by 0.22% in April compared to the same period last year, following a 0.84% rise in the preceding month.
This decline contradicted economists’ prediction that anticipated no year-on-year change in the CPI to rise 0.50% and fell short of the central bank’s 1% to 3% target range. Meanwhile, core inflation registered a 0.98% increase in April, higher than a 0.6% increase polled by economists.
Looking ahead, the commerce ministry has projected that the headline CPI will decrease by 0.1% to 0.2% year-over-year in the second quarter, while reassuring that deflation is not expected.
