© Reuters. FILE PHOTO: People wearing face masks shop inside a market amid the spread of the coronavirus disease (COVID-19) in Bangkok, Thailand, November 16, 2021. REUTERS/Athit Perawongmetha
BANGKOK (Reuters) – Thailand’s headline consumer price index (CPI) rose 5.98% in October from a year earlier, commerce ministry data showed on Monday, slightly lower than forecast.
The rise follows September’s 6.41% increase and was just shy of the 6.0% forecast in a Reuters poll.
The core CPI index, which strips out energy and fresh food prices, was up 3.17% in October from a year ago, versus a forecast rise of 3.20%.
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“The inflation situation is slowing,” senior commerce official Poonpong Naiyanapakorn told a briefing.
“It is expected to slow in the remaining two months.”