Tue, 31 Jan 2023

BANGKOK, Dec. 7 (Xinhua) -- Thailand's consumer inflation growth slowed for a third straight month in November to its lowest level in seven months, as rising supply eased food price increase, data showed on Wednesday.

The country's consumer price index (CPI), a key indicator of inflation, rose 5.55 percent year on year last month, down from a rise of 5.98 percent in October and 6.41 percent in September, according to the country's Ministry of Commerce.

On a monthly basis, the CPI edged down 0.13 percent from October, according to the ministry. For the first 11 months of the year, the CPI climbed 6.1 percent from one year earlier.

However, growth of the core CPI, which excludes raw food and energy prices, continued to pick up in November. The core CPI rose 3.22 percent from a year earlier in November, up from a 3.17 percent increase registered in the previous month.

Poonpong Naiyanapakorn, director-general of the ministry's Trade Policy and Strategy Office, expected the country's headline CPI in December to rise at a similar pace to the November print.

The ministry projected that the average headline inflation growth for the entire year of 2022 would stand between 5.5 percent and 6.5 percent, Poonpong told a press briefing Wednesday.

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