Inflation plunged to a record low in 21 months following 3 factors.

Mr. Poonpong Naiyanapakorn, the Director-Generalof TPSO reveals that Consumer Price Index (CPI) in May 2023 was at 107.19. When compared to 106.62 in May 2022, the headline inflation rose only by 0.53 percent (YoY), decelerated for 5 consecutive months and was the lowest rate in 21 months. This deceleration was contributed by a drop in fuel prices and electricity bills, as well as a high-price base in May 2022

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