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Inflation has decreased for 3 consecutive months,
and the average for 2023 is close to the estimate.
Mr. Poonpong Naiyanapakorn, the Director of Trade Policy and Strategy Office, revealed that the Consumer Price Index (CPI) in December 2023 was 106.96. Comparing to December 2022 (107.86), the headline inflation decreased by 0.83% (YoY). It has decreased for 3 consecutive months. This resulted from a decrease in the prices of energy (fuel and electricity) due to the government measures. Additionally, the prices of meat and food ingredients have been consistently decreasing. Moreover, the prices of fresh vegetables dropped significantly. As for other goods and services, their prices moved in a normal direction. For the core inflation, excluding fresh food and energy, it increased by 0.58% (YoY).