By Wilawan Watcharasakwet
BANGKOK--Thailand's headline consumer price index rose 1.13% in December from a year ago, compared with a 0.6% increase in November, government data showed Wednesday, bringing inflation for the full year in within the government's target range of zero to 1%.
Month on month, the headline CPI was up 0.13% in December, compared with a 0.06% decline in November, the Commerce Ministry said.
The readings were lower than the median forecasts for a 1.15% on-year rise and a 0.16% on-month rise by economists polled by The Wall Street Journal.
The ministry said the CPI rose on the back of higher crude oil prices, and while the rise was modest, it was sufficient to support an overall expansion in the economy.
Core inflation, which excludes volatile food and energy prices, went up 0.74% in December from last year, compared with a 0.72% rise in November. Core inflation edged up 0.01% from a month earlier, compared with 0.03% gain in the previous month.
The core CPI readings were lower than the median forecasts for a 0.78% year-over-year rise, and a 0.04% month-over-month increase.
For the whole of 2016, Thailand's headline inflation was 0.19% and core inflation was 0.74%.
The ministry said it was keeping its headline inflation projection for 2017 at between 1.5% and 2.0%.
Write to Wilawan Watcharasakwetat firstname.lastname@example.org
(END) Dow Jones Newswires
January 04, 2017 00:29 ET (05:29 GMT)
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