Thailand’s Inflation Rises Slower-Than-Expected in April, MoC Sees Sharp Fall in May

Thailand’s headline consumer price index (CPI) rose 2.67% in April from a year earlier, according to the commerce ministry on Wednesday, beating the analyst forecasts from a Reuters poll for a 2.70% rise.

Core inflation rose 1.66% year-over-year, compared to 1.70% expected by a Reuters poll.

The Commerce Ministry said that consumer prices will fall sharply and below the 2% level in May.