{"id":31844,"date":"2023-05-03T05:37:20","date_gmt":"2023-05-03T05:37:20","guid":{"rendered":"http:\/\/lynettelockhart.com\/client\/thailands-april-headline-inflation\/"},"modified":"2023-05-03T05:39:30","modified_gmt":"2023-05-03T05:39:30","slug":"thailands-april-headline-inflation","status":"publish","type":"post","link":"http:\/\/lynettelockhart.com\/client\/thailands-april-headline-inflation\/","title":{"rendered":"Thailand’s April headline inflation lowest in 16 months, to drop further"},"content":{"rendered":"

BANGKOK (Reuters) – Thailand’s headline inflation dropped to its lowest in 16 months in April thanks to lower energy and food prices and a high base in 2022, the commerce ministry said on Wednesday.<\/p>\n

The headline consumer price index (CPI) rose 2.67% in April from a year earlier, close to a rise of 2.70% forecast in a Reuters poll, and against March’s 2.83% increase.<\/p>\n

The core CPI index in April was up 1.66% from a year ago, the slowest in 15 months, and below a forecast increase of 1.70%.<\/p>\n

It was the second month in a row that headline inflation came in within the central bank’s target range of 1% to 3%. The commerce ministry on Wednesday said headline inflation should fall sharply in May due to a high base in 2022 and lower fuel prices. <\/p>\n

“Inflation could be less than 2% in May as last year’s base was very high… the figure might be the lowest in 20 months,” commerce ministry official Poonpong Naiyanapakorn told a press conference.<\/p>\n

Ministry official Wichanun Niwatjinda said headline inflation was expected at less than 3% in the April-June quarter and that spending ahead of Thailand’s May 14 election had been discounted.<\/p>\n

The commerce ministry maintained its forecast for average headline inflation at between 1.7% and 2.7% for the year, which was cut last month from 2% to 3%.<\/p>\n

In January to April, headline inflation was 3.58%, with the core rate at 2.09%, the ministry said.<\/p>\n

In March, the Bank of Thailand (BOT) raised its policy interest rate by a quarter point to 1.75%, and said its tightening would continue since inflation risks persisted.<\/p>\n

It will next review policy on May 31, when economists expect a further hike. <\/p>\n

\n

(Reporting by Orathai Sriring, Satawasin Staporncharnchai and Kitiphong Thaichareon; Editing by Martin Petty, Kanupriya Kapoor)<\/p>\n

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BANGKOK (Reuters) – Thailand’s headline inflation dropped to its lowest in 16 months in April thanks to lower energy and food prices and a high base in 2022, the commerce ministry said on Wednesday. The headline consumer price index (CPI) rose 2.67% in April from a year earlier, close to a rise of 2.70% forecast […]<\/p>\n","protected":false},"author":8,"featured_media":31845,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":""},"categories":[1216],"tags":[],"class_list":["post-31844","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-u-s-economy"],"jetpack_featured_media_url":"http:\/\/lynettelockhart.com\/client\/wp-content\/uploads\/Reuters_Direct_Media\/USOnlineReportEconomy\/tagreuters.com2023binary_LYNXMPEJ42029-VIEWIMAGE.jpg","_links":{"self":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts\/31844","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/comments?post=31844"}],"version-history":[{"count":1,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts\/31844\/revisions"}],"predecessor-version":[{"id":31846,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts\/31844\/revisions\/31846"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/media\/31845"}],"wp:attachment":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/media?parent=31844"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/categories?post=31844"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/tags?post=31844"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}