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Bangkok Post
Bangkok Post
Business

Inflation forecast lowered for 2023

Inflation the Commerce Ministry TPSO
People wait for a bus in the morning near the Samrong area. Headline inflation was 2.83% in March, the lowest rate in 15 months. (Photo: Somchai Poomlard)

The Commerce Ministry has downgraded its headline inflation outlook for this year from a range of 2-3% to 1.7-2.7%, in line with economic conditions and falling energy prices.

Wichanun Niwatjinda, deputy director-general of the Trade Policy and Strategy Office (TPSO), said the new forecast also assumes the Thai economy will grow at a rate of 2.7-3.7% this year, down from 3-4%.

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