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Thailand’s inflation rate in April higher for the first time in seven months

Thailand’s inflation rate in April higher for the first time in seven months

13 Sept 08:56 Key points summarised by AI
  • Thailand's inflation rate increased by 0.9% in April, marking its first rise in seven months, with the consumer price index up 0.19% compared to last year.
  • The primary drivers for this inflation surge include rising oil prices and higher costs for agricultural produce, particularly vegetables and fruits, due to reduced output from hot weather and drought.
  • The Trade Policy and Strategy Office anticipates inflation to continue a minimal upward trend, potentially influenced by future minimum wage increases and the 'digital wallet' scheme, though it is expected to remain within the 1% range.
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