Thai Headline Inflation Slows Down to 0.3% in September

Thailand’s headline inflation rose 0.3% in September from the same period last year, slowing down from an increase of 0.88% year-on-year in August, the commerce ministry reported on Thursday.

The consumer price was better than a forecast for a 0.8% increase by a Reuters poll.

Meanwhile, the core consumer price was up 0.63% YoY in September, slowing down from 0.79% in August and lower than a 0.8% forecast.

According to the commerce ministry, the headline inflation is expected at 1.0 – 1.7% this year, while 4Q23 inflation should be slower than 3Q.