The Ministry of Finance announced that the Thailand Consumer Price Index (CPI) increased 5.73% in March, compared to the same period of last year, and increased 0.66% from February 2022, resulting in an average of 4.75% for the first quarter of 2022.
Still, the CPI in March was in line with the market expectation of 5.7-6.3%.
Meanwhile, Core CPI in March rose 2% YoY and 0.23% MoM, resulting in an average of 1.43% in 1Q22.
The government sector has revised up Thailand’s CPI forecast for 2022 from 0.7-2.4% to 4.5%.
