Consumer Price Index Rises in Thailand

Inflation up 3.5 percent over the year ended March

CPI hits 107.25 points, highest since 2008

The Consumer Price Index (CPI) in Thailand has increased to 107.25 points in March, up from 107.22 points in February. This represents a 3.5 percent increase over the year ended March 2024. This is the highest level since 2008.

The increase in the CPI is largely due to rising food and energy prices. The cost of food and non-alcoholic beverages rose by 4.4 percent over the year ended March, while the cost of energy rose by 8.3 percent. This has put a strain on household budgets, particularly for low-income families.

The Bank of Thailand is closely monitoring the situation and has raised interest rates twice this year in an effort to curb inflation. However, further increases in interest rates could slow down economic growth.