# Thai inflation hits 35 months low in Jan. 2024

- Link: https://www.thailand-business-news.com/economics/125997-thai-inflation-lowest-in-35-months-in-january-2024
- Published: 2024-02-09T13:23:18+07:00
- Author: Thai News ข่าวไทย

Goods prices in many categories have been on a decline, with January headline inflation
marking the 4th consecutive month of deceleration.

 * January 2024 saw the fourth consecutive month of decreasing inflation, indicating
   a sustained trend of deceleration.
 * Prices of goods in various categories have been declining, contributing to the
   overall slowdown in headline inflation.
 * The Trade Policy and Strategy Office (TPSO) reported that January 2024 marked
   the lowest inflation rate in 35 months, highlighting a significant downward trend.

 According to the Trade Policy and Strategy Office (TPSO), inflation was at its 
lowest in 35 months in January 2024.

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In January, headline inflation, measured by the consumer price index, decreased 
by 1.11% year-on-year, compared to a 0.83% decrease in December, a 0.44% decrease
in November, and a 0.31% decrease in October. Inflation increased by 0.3% in September.

The decrease is due to the reduction in prices in the Energy group, attributed to
measures by the state sector to reduce energy costs. A decline in raw food prices,
especially fresh vegetables and meat, was also observed due to larger quantities
of products on the market and a high price base in January 2023.

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