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Investing.com -- The headline consumer price index (CPI) in Thailand experienced a 0.57% drop in May, compared to the same period last year, as reported by the commerce ministry on Friday.
This decline follows an annual decrease of 0.22% in the previous month.
This figure is less than the expected fall of 0.80% as predicted in a poll. It also falls short of the central bank’s target range of 1% to 3%.
On the other hand, the core CPI, which excludes the unpredictable food and energy prices, saw an increase of 1.09% in May from a year earlier.
This rise surpasses the forecasted increase of 0.94%.
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