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June 30, 2023
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Thailand industrial production -2.91% y-o-y (consensus -3.7) in May-23

- Thailand's industrial production contracted by -2.91% year-on-year in May-23, slightly better than the consensus forecast of -3.7%. However, the production level remains below the long-run average by 3.53 percentage points and is 1.49 percentage points lower than the one-year average.

- Thailand's private consumption experienced a swifter month-on-month growth of 1.5% in May-23, indicating a brisker increase in consumer spending.

June 06, 2023
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Thailand CPI inflation 0.53% y-o-y in May-23



- Thailand's CPI inflation rate in May 2023 stood at 0.53% year-on-year, marking a significant slowdown from the previous month's rate of 2.67% and the lowest growth since August 2021.
- The current CPI inflation rate is 4.62 percentage points below the one-year average and 3.38 percentage points below the long run average, indicating an extended period of subdued inflationary pressures.

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