Consumer’s price index or inflation rate for the month of October was registered at 106.85 points or 0.34 percent increase compared to the same period last year.

The rate increase was the seventh in a row, averaging 0.06 percent rise monthly for the past ten months.

The increased CPI was attributable to 0.89 percent price increase of food and non-alcoholic drinks segment and 0.02 percent price increase of non-food and non-drink segment such as eggs and pork.

However, Ms  Pimchanok Wornkhorporn, deputy director of the Office of Trade Policy and Strategy said that the inflation rate for the whole year would increase at most one percent as earlier forecast by the Commerce Ministry as the economic growth rate was expected to increase 3.3 percent with the price of crude oil fluctuating between US$35-45 per barrel and the exchange rate between 35-37 baht per dollar.

About the author

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Sign Up for Our Newsletter

Get notified of our weekly selection of news

You May Also Like

Thailand’s unemployment rate drops below 1%

The NSO attributed the decline in unemployment to the recovery of the tourism sector, which accounts for about 20% of Thailand’s GDP

Growth in Asia and the Pacific to accelerate to 4.6 percent this year

The main development has been the reopening of China, where surging consumption is boosting growth across the region despite weaker demand from the rest of the world.

Thai Export Value fell 4.5% in January

This year, exports from Thailand are anticipated to decline in accordance with general economic trends.