Thailand's annual headline inflation was weaker than expected in July, helped by lower food and energy prices, and the commerce ministry said on Monday it projected smaller consumer price rises for the rest of the year.
increased 0.38% in July from a year earlier, compared with a forecast rise of 0.64% in a Reuters poll, and against June's 0.23% rise.
The headline CPI in August could rise slightly as some food prices pick up due to drought, while energy prices are likely to increase, Poonpong Naiyanapakorn, head of the ministry's trade policy and strategy office, told a press conference. "We think it's lower than 1% every month in the remaining five months. But worrying factors are drought and oil prices," he said.
rose 0.86% from a year earlier, compared with a forecast for a 0.90% rise in the poll, and against June's 1.32% increase.
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