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Bangkok Post
Bangkok Post
Business

May inflation near 14-year high, but policy rate seen on hold

A vendor sells fruits at Bang Khae fresh market in Bangkok on April 18, 2022. The country's headline consumer price index rose 7.1% in May from the same month of last year. (Photo: Arnun Cholmakatrakool)

Thailand's headline inflation rose at a much faster pace than expected in May, hitting a high of nearly 14 years on soaring energy prices and the end of some government support measures, a trend the Commerce Ministry said would likely continue.

The consumer price index (CPI) jumped 7.1% from a year earlier, the ministry said on Monday, beating a forecast rise of 5.78% in a Reuters poll, and against April's 4.65% increase.

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