BANGKOK: Thailand continued to register negative inflation in February, though the pace of falling consumer prices eased slightly, according to government data released Tuesday.
The country’s consumer price index fell 0.5% from a year earlier in February, improving marginally from a 0.53% year- over-year decline in January, the Commerce Ministry said. February headline CPI inched up 0.15% from January.
Meanwhile, Thailand’s February core inflation, which removes volatile food and energy prices, was up 0.68% from a year earlier and rose 0.18% from January. The surveyed economists forecast Thai core inflation would increase 0.6% year-over- year and 0.1% sequentially.
Despite the slight improvement in the inflation data, ANZ Research has cautioned that subdued energy prices will likely keep “the upwards inflation profile relative flat.”