People look over Bangkok from the Mahanakorn Skywalk on March 17, 2023.
Lillian Suwanlampa | AFP | Getty Images
Thailand’s Commerce Ministry said on Monday that Thailand’s annual overall inflation accelerated in September, mainly due to higher prices for diesel and some vegetables, but was still below the central bank’s target range of 1% to 3%.
Following an annual increase of 0.35% in August, the overall consumer price index increased by 0.61% in September, falling short of the 0.80% increase expected in a Reuters survey.
Poonpong Naiyanapakorn, director of the Office of Trade Policy and Strategy, told a news conference that overall inflation is expected to be 1.25% in October and about 1.49% in the final quarter of 2024.
Between January and September, the annual average overall inflation rate was 0.20%. The Commerce Department on Monday revised its full-year forecast to 0.2% to 0.8% from the previous range of zero to 1%.
Core CPI, which excludes volatile food and energy prices, rose 0.77% in September from the same period last year, slightly higher than the 0.72% increase predicted by the poll.
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