Thai headline inflation picks up in July

The headline consumer price index rose 0.83% in July from a year earlier. — Reuters

BANGKOK: Thailand’s annual headline inflation rate quickened in July due to higher energy and food prices, the Commerce Ministry says, but remained below the central bank’s target range of 1% to 3%.

The headline consumer price index (CPI) rose 0.83% in July from a year earlier, after June’s annual increase of 0.62%, and compared with a forecast rise of 0.70% in a Reuters poll.