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Thailand’s March consumer prices fall for 15th straight month

Thailand’s annual headline consumer prices fell for a 15th consecutive month in March, mainly due to declining oil prices, giving the central bank leeway to cut interest rates if needed to support weak domestic growth.

The index, published by the Commerce Ministry on Friday, dropped 0.46% in March from a year earlier to stand at 105.84 points. A Reuters poll forecast a 0.42% fall. The rate was 0.21% improved from February.

The index for food and beverage sector in March rose by 0.97% year-on-year while the non-food sectors dropped by 1.25%.

(Source: Bangkok Post )