Thailand Inflation Rises for 4 Straight Months in July, But at a Slower Pace

Thailand’s Consumer Price Index (CPI) rose for the fourth consecutive month in July, mainly attributed to a government program aimed at easing residents’ cost of living burden, and some fresh food prices declined, the Ministry of Commerce stated on Thursday (August 5).

July inflation was 0.45% higher than a year earlier, but at a slower pace, as prices of some fast-moving consumer goods, including grains, vegetables, and non-alcoholic beverages, declined. Additionally, the government approved a July and August utility bill reduction and ordered universities and schools to cut tuition fees.

Core CPI increased 0.14% in July, the 12th straight month of increase, resulting in the first seven-month average inflation rate of 0.26%.