Thai headline CPI rises 6.41% y/y in Sept, less than forecast


FILE PHOTO: Thailand's central bank is seen at the Bank of Thailand in Bangkok. REUTERS/Jorge Silva

BANGKOK: Thailand's headline inflation rate in September slowed from the previous month and less than expected, data showed on Wednesday, but above-target consumer prices reinforced expectations of further interest rate hikes.

The headline consumer price index (CPI) rose 6.41% in September from a year earlier, slowing from August's 7.86% increase, helped by easing prices of energy products, according to commerce ministry data.

That compared with a forecast rise of 6.60% in a Reuters poll.

The core CPI index was up 3.12% in September from a year ago, also less than a forecast rise of 3.20%.

Inflation is expected to fall further in the fourth quarter of this year, the ministry said in a statement.

Last week, the Bank of Thailand raised its key interest rate by a quarter point to 1.00% to contain inflation that has hit multi-year highs. It will next review the rate on Nov. 30, when most economists expect a further, gradual hike. - Reuters

Article type: free
User access status:
Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!

Thailand , Bank of Thailand , inflation , CPI

   

Next In Business News

FBM KLCI drops on softer global sentiment
Proton's YTD sales surpass whole of 2021 by 10.4%
Australia central bank raises rates to 10-yr high, says more needed
Shares of NFOs recover in early trade
Australia records first current account deficit in three years
Ringgit opens lower against dollar amid strong US economic data
Minimal impact to Sports Toto earnings despite reduction in special draws, says HLIB
Bursa Malaysia wobbly on fresh US rate hike worries
Trading ideas: Genting Malaysia, MQ Technology, Jiankun International, Yinson, AME REIT and Suria Capital
MRCB secures contract from Sentral REIT for car park operations

Others Also Read