Thai Inflation Rises 0.88% in August

Thailand’s headline inflation rose higher-than-expected in August and also up by 50 basis points from the previous month, according to the report from the commerce ministry on Tuesday.

Consumer Price Index rose 0.88% in August from a year earlier, accelerating from a 0.38% increase in July. The reading was higher than the 0.61% expected in a Reuters poll.

The average inflation for the eight months is 2.01%, still within the target range of the central bank of 1-3%.

Meanwhile, the core inflation which excludes volatile food and energy prices, came in at 0.79% from last year, slightly lower than the forecast of 0.82% and 0.86% from last month.