Thailand’s headline consumer price index rose by a less-than-expected 5.55 percent in November from a year earlier, the slowest pace in seven months, helped by lower food prices, government data showed. | AFP
A woman walks at the Maeklong market next to the train tracks, on the outskirts of Bangkok, Thailand. REUTERS/Jorge Silva/File photo
BANGKOK – Thailand’s headline consumer price index rose by a less-than-expected 5.55 percent in November from a year earlier, the slowest pace in seven months, helped by lower food prices, government data showed on Wednesday. The index, which slowed for a third straight month, compared with a forecast for a 5.86 percent rise in November in a Reuters poll and followed October’s 5.98 percent increase.The pace, however, is still far above the central bank’s target range of 1 percent to 3 percent, reinforcing expectations that the central bank will continue to gradually raise interest rates to bring prices back within target.
The headline CPI in December is expected to rise at a similar pace to the November reading, senior commerce ministry official Poonpong Naiyanapakorn told a briefing.
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