Thai Headline Inflation Shows 0.44% Contraction in November

Thailand’s headline consumer price index (CPI) for November came in at -0.44% from a year earlier, versus a -0.31% year-on-year drop in the previous month, according to an official report from the commerce ministry on Thursday.

The contraction in consumer price was slightly higher than a forecast for -0.30% in November from a Reuters poll.

Meanwhile, core CPI, which excludes the volatile food and oil prices, was at 0.58% year-on-year in November, versus a forecast of 0.60%.