BANGKOK, May 5 (TNA) – Thailand’s inflation rate in April fell 2.99 percent as the COVID-19 crisis deepened and global
crude oil prices slumped, according to the Commerce Ministry.
Pimchanok Vonkorpon, Director-General of the Commerce
Ministry’s Trade Policy and Strategy Office, said it was the sharpest fall of
inflation rate in 10 years and nine months.
The decreased inflation stemmed primarily from weak demand
because of the COVID-19 impact and continuous decline in
energy prices, she said.
The Department also downgraded its 2020
headline inflation forecast to a range of –0.2
to 1.0 percent, Pimchanok said.(TNA)
