Thai Oct CPI rises most in 5 months on oil prices (updated)

CPI SA

05/11/2021 09:44

(Adds detail, outlook)
    BANGKOK, Nov 5 (Reuters) - Thailand's headline consumer
price index (CPI) in October jumped  more than expected and at
the fastest pace in five months, driven by higher oil and
vegetable prices, the commerce ministry said on Friday.
    The CPI climbed 2.38% in October from a year earlier,
compared with a forecast for a rise of 1.91% in a Reuters poll
and against September's 1.68% increase.
    The CPI is likely to increase later this year, though not
sharply, due in part to government measures to support oil
prices, senior ministry official Ronnarong Phoolpipat told a
news conference.
    It is projected to rise by 2.43% in the fourth quarter
year-on-year, he said.
    For 2021, the ministry is maintaining its forecast for
headline inflation of 0.8% to 1.2%, he added.
    In October, the core CPI index was up 0.21% from a year
earlier, compared with a forecast for a 0.30% rise.
    In the January-October period, the headline CPI rose 0.99%
from a year earlier, with the core rate up 0.23%.
    

 (Reporting by Orathai Sriring, Kitiphong Thaichareon and
Satawasin Staporncharnchai; Editing by Martin Petty)
 ((orathai.sriring@tr.com;))