Tue, 31 Jan 2023

BANGKOK, Oct. 5 (Xinhua) -- Thailand's consumer inflation growth fell in September due to easing energy prices, data showed on Wednesday.

The country's consumer price index (CPI), a key indicator of inflation, rose 6.41 percent year on year last month, down from its 14-year peak of a 7.86 percent increase in August, according to the Ministry of Commerce.

The core CPI, which excludes raw food and energy prices, rose at a slower pace of 3.12 percent in September, compared to a rise of 3.15 percent in the previous month.

In the first nine months, the country's CPI edged up 6.17 percent from a year earlier, far above the central bank's target range of 1-3 percent for headline inflation.

The government's supportive measures for energy and food prices may cause inflation to fall further in the last quarter of this year, the ministry said in a statement. It expects headline inflation to range between 5.5 percent and 6.5 percent this year.

On Sept. 28, the Bank of Thailand raised its key policy rate by 0.25 percentage points to 1.00 percent in an attempt to contain rising inflation.

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