Thailand’s headline CPI rises 5.98% in Oct, less than forecast

BANGKOK  – Thailand’s headline consumer price index (CPI) rose 5.98 percent in October from a year earlier, commerce ministry data showed on Monday, slightly lower than forecast.

The rise follows September’s 6.41 percent increase and was just shy of the 6 percent forecast in a Reuters poll.

The core CPI index, which strips out energy and fresh food prices, was up 3.17 percent in October from a year ago, versus a forecast rise of 3.2 percent.

“The inflation situation is slowing,” senior commerce official Poonpong Naiyanapakorn told a briefing.

“It is expected to slow in the remaining two months.”