January 2, 2020 / 3:55 AM / a month ago

Thai Dec inflation quickens to 0.87%, slightly below forecast

BANGKOK, Jan 2 (Reuters) - Thailand’s consumer price index (CPI) rose 0.87% in December from a year earlier, quickening from the previous month but slightly below expectations, commerce ministry data showed on Thursday.

A Reuters poll had forecast the CPI would rise 0.9% year-on-year after November’s 0.21% increase.

The headline inflation remained below the Bank of Thailand’s (BOT)’s target range for a seventh straight month.

The annual core inflation rate was 0.49% in December, slightly below a forecast of 0.5% and against November’s 0.47%.

In 2019, headline inflation was 0.71% and core inflation was 0.52%.

The commerce ministry forecast headline inflation of between 0.4% and 1.2% for 2020. (Reporting by Kitiphong Thaichareon Writing Orathai Sriring Editing by Shri Navaratnam)

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