Inflation unexpectedly up in June but at slower pace

People visited the 27th Saha Group Fair, which took place at Bitec Bang Na between June 29 and July 2, 2023. This year’s event offered a wide selection of affordable food and consumer products from various brands. (Photo: Somchai Poomlard)

Thailand's headline consumer price index (CPI) increased 0.23% in June from a year earlier, slowing from a 0.53% year-on-year rise in the previous month, the Commerce Ministry said on Wednesday.

Headline inflation was the lowest in 22 months, due to lower food and energy prices and a high base last year. It is expected to rise slightly in the third quarter, the ministry said.