Skip to main content

Advertisement

Advertisement

Business

Thai May headline CPI rises 2.44per cent year on year, lower than forecast

Thai May headline CPI rises 2.44per cent year on year, lower than forecast

FILE PHOTO: A mother and her daughter shop for bananas at a market in Bangkok, Thailand, March 31, 2016. REUTERS/Athit Perawongmetha

BANGKOK: Thailand's headline consumer price index (CPI) rose for a second straight month in May, up 2.44per cent from a year earlier, the commerce ministry said on Friday, slightly missing analyst expectations.

The figure, weighed down by government utility subsidies, compared with a forecast for a rise of 2.85per cent in a Reuters poll and followed April's 3.41per cent increase.

The core CPI index was up 0.49per cent from a year earlier, versus a forecast for a 0.45per cent rise.

(Reporting by Orathai Sriring, Kitiphong Thaichareon and Satawasin Staporncharnchai; Editing by Ed Davies)

Source: Reuters

Advertisement

Also worth reading

Advertisement