BANGKOK : Thailand's annual headline inflation was weaker than expected in July, helped by lower food and energy prices, and the commerce ministry said on Monday it projected smaller consumer price rises for the rest of the year.
The headline CPI in August could rise slightly as some food prices pick up due to drought, while energy prices are likely to increase, Poonpong Naiyanapakorn, head of the ministry's trade policy and strategy office, told a press conference. On Monday, the commerce ministry maintained its prediction of average annual headline inflation at 1 per cent to 2 per cent, which would be reviewed in September, Poonpong said.
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