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Thai Inflation Accelerates In November 70 days ago
(RTTNews) - Thailand's consumer price index or CPI rose 1.9% year-on-year in November after rising 0.4% in October, the Commerce Ministry said Tuesday. Economists had forecast an increase of 1.8% in the CPI.
Inflation remained positive for the second straight month in November after nine months of deflation.
On a monthly basis, the CPI grew 0.3% in November, slightly faster than the 0.2% growth recorded in October.
The core consumer price index, which excludes volatile items, rose 0.1% annually and was flat on a monthly basis. In October, core annual inflation was negative at 0.1%.
Given the rise in inflation, the Bank of Thailand is expected to hold its key interest rate at 1.25% on Wednesday. The central bank has held the rate unchanged at 1.25% for past four rate-setting sessions.
The Thai government expects inflation to average zero to minus 1% this year, while the central bank forecast prices to fall 1.5%.
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