Thailand’s Inflation Expands Slower Than Expected at 7.61% in July

Thailand’s inflation rate in July rose 7.61% YoY, largely lower than an 8.3% expansion forecast by economists. Prices in July also slowdown from 7.66% rise in June.

Core Consumer Price Index (Coe CPI) accelerated to 2.99%, according to the announcement from the Ministry of Commerce on Friday. Core inflation that excludes food and energy prices in July was slightly higher than an estimate of 2.7% increase by economists.


The average CPI in the first seven months of 2022 expanded 5.89%, while core CPI grew 2.01%.


The Ministry of Commerce revised the inflation forecast for 2022 up to 5.5-6.5% from 4-5%.