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Thailand sees CPI rise for fourth consecutive month

Thailand's consumer price index (CPI) in July increased for the fourth consecutive month, albeit at a slower pace, according to the Commerce Ministry.
Thailand sees CPI rise for fourth consecutive month ảnh 1Illustrative image (Photo: Reuters)

Bangkok (VNA) - Thailand's consumer price index(CPI) in July increased for the fourth consecutive month, albeit at aslower pace, according to the Commerce Ministry.

Thailand's headline consumer price index (CPI) in July rose by a smaller-than-expected 0.45 percent from a year earlier, weighed down bygovernment subsidies on utilities to cushion the impact of a prolonged COVID-19outbreak, the ministry said.

The inflation was 0.45percent in July after tallying 1.25 percent in June, 2.44 percent in May and3.41 percent in April.

July's headline inflation slowdown was primarilyattributed to government measures to reduce utility bills, tuition andeducation fees, as well as the declining price for some fresh food such as riceand fresh vegetables.

The data comes after the Bank of Thailand lowered its 2021 economic growth forecast to 0.7 percent from an earlier forecast of 1.8 percent./.

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