InfoQuest (June 7, 2021) -- According to the Trade Policy and Strategy Office of the Ministry of Commerce, Thailand saw the 2nd consecutive month of increase in its CPI, reaching 99.55 in May, up 2.44 percent from last year, but the growth rate has dipped. From January to May, energy prices and some fresh food prices rose, and the average inflation rate in the first five months increased by 0.83 percent year-on-year.
In May, the core CPI was 100.45, an increase of 0.49 percentfrom last year. In the first five months, the average basic inflation rate rose by 0.23 percenton a yearly basis.
The Office predicted that Thailand will embrace an inflation rate of 2.3 percent in the second quarter.
Source: InfoQuest, by KasamarpornKittisamphan/RachadaKongkhunthian, translated by Xinhua Silk Road
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