The Ministry of Commerce has announced that Thailand’s Consumer Price Index (CPI) rose 7.86% in August, within the expectation range of 7.7-7.9%. Inflation in August rose from 7.61% in the previous month. The average CPI for the first eight months of this year grew 6.14%.
Meanwhile, core CPI, which excludes volatile oil and food prices, rose 3.15% YoY in August, slightly above market’s forecasts of 3.1%. Core inflation also expanded further from 2.99% in July.