The headline inflation rate rose 0.94% last month, increasing for the 17th straight month, but slowed from October.
The Commerce Ministry on Monday reported the annual headline consumer price index in November was up 0.94% from a year ago. Although it was the 17th consecutive month of increases, the pace has now slowed for three months in a row.
Pimchanok Vonkorpon, director-general of the Trade Policy and Strategy Office, said a drop in energy prices put pressure on inflation growth, offsetting higher fresh food and farm products.
Consumer prices in October were up 1.23%, a drop from 1.33% in September and 1.62% in August.
The ministry still projects this year's inflation rate at 1.20%, the highest growth in four years, and 0.7-1.7% next year, based on economic growth in the range of 3.5-4.5%, oil prices between US$70-80 and a foreign exchange rate in the region of 32.50 and 33.50 baht against the US dollar.
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