Thailand’s Consumer Prices Rise 0.23% in June

Thailand’s headline consumer price index (CPI) rose 0.23% in June from the same month a year ago, the Commerce Ministry reported on Wednesday, down from the 0.53% increase seen in May.

Lower oil and food prices led to slower inflation in June. The markets had forecasted that the CPI would come in between 0.0 and 0.15%.

In June, the core CPI increased year over year by 1.32%, which was below market estimates of a 1.4% increase.

For the first half of 2023, the core CPI increased by 1.87%.