BANGKOK- Thailand inflation rate returned to the target range for the first time since May last year, lifted by higher energy and food prices, the commerce ministry said on Monday.
Thai headline consumer price index rose 1.23 percent in December from a year earlier, within the central bank’s target of 1 percent to 3 percent, after the previous month’s annual increase of 0.95 percent, the ministry said.
The figure compared with a forecast rise of 1.47 percent in a Reuters poll.
The core CPI was up 0.79 percent in December from a year earlier, just under a forecast increase of 0.81 percent.
In 2024, average annual headline inflation was 0.40 percent, with core inflation at 0.56 percent.
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