World Economy

Thailand Inflation Falls

Thailand Inflation FallsThailand Inflation Falls

Thailand consumer price index in January 2015 fell for the first time in five years to 106.2 points, dropping 0.41% year-on-year and 0.59% from December. Somkiat Triratpan, inspector-general of the Ministry of Commerce, said on Monday, the CPI fell for the first time in five years and four months. Prices of consumer products, excluding food and alcohol-free beverages, dropped by 0.83% from December and by 1.86% year-on-year to 102.21. In January retail oil prices, electricity charges and prices of some high-demand meat, fruit and vegetables decreased. The ministry predicts inflation will range from 1.8 to 2.5% throughout this year.