Thailand’s October inflation rises to 3.9%, exceeding central bank target
Thailand’s consumer price index rose 3.9% in October from a year earlier, up from 2.82% in September, according to Commerce Ministry data released Friday. Inflation exceeded the Bank of Thailand’s 1%–3% target range for the first time in more than three years and surpassed the 3.33% median forecast in a Bloomberg survey. The central bank expects the inflation surge to be temporary.