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Trade and Economic Indices for May 2024
Mr. Poonpong Naiyanapakorn, the Director General of the Trade Policy and Strategy Office, revealed that the Consumer Price Index (CPI) in May 2024 was 108.84. Comparing to May 2023 (107.19), the headline inflation increased by 1.54% (YoY). The main contributor was an increase in the prices of energy, including electricity (temporarily due to a low base price in May 2023), benzene, and gasohol, following the rising trend in the global energy market. Moreover, the prices of fresh vegetables and chicken egg also increased due to the extremely hot weather, resulting in reduced yields. Other goods and services did not have a significant impact on inflation.