This article was added by the user . TheWorldNews is not responsible for the content of the platform.

Thailand's inflation slows to 22-month low in June

BANGKOK, July 5 (Xinhua) -- Thailand's headline inflation eased further to its lowest level in 22 months in June due to lower food and fuel prices and the high comparative base from last year, official data showed on Wednesday.

The consumer price index (CPI), a key indicator of inflation, slowed for the sixth consecutive month to 0.23 percent year-on-year in June, edging down from a 0.53-percent increase in the previous month, according to the Ministry of Commerce.

The June inflation growth dropped below the Bank of Thailand's (BOT) target range of 1 to 3 percent for the second straight month.

The core CPI, which excludes raw food and energy prices, recorded its lowest reading since January 2022, with a year-on-year increase of 1.32 percent, inching down from a 1.55-percent increase a month earlier.