Retail in Asia

In Markets

Thailand’s Jan consumer prices fall for 13th straight month

Thailand’s annual headline consumer prices dropped for a 13th consecutive month in January, due mainly to lower oil prices, giving the central bank leeway to keep interest rates low to help the flagging economy.

The index, published by the Commerce Ministry on Monday, fell 0.53 percent in January from a year earlier, compared with a Reuters poll forecast for a 0.49 percent dip.

The core inflation rate, which strips out raw food and energy prices, was at 0.59 percent in January, in line with the 0.6 percent seen in the poll.