Thailand's inflation eased more than expected in May helped by lower domestic oil prices and measures taken by the government to curb the cost of living, the Ministry of Commerce said in a report on Monday.
Inflation dropped to 2.27 percent from 2.42 percent a month ago, while it was seen at 2.35 percent.
However, on a monthly basis, the increase in consumer prices rose to 0.24 percent from 0.16 percent in the previous month.
Core inflation that excludes energy and food costs, slipped to 0.94 percent in May from 1.18 percent in the previous month.
The central bank last week reduced its policy rate for the first time this year to support domestic demand amid tepid economic growth. The benchmark policy rate was cut by 25 basis points to 2.50 percent.
Policymakers said inflation remained well within the target and monetary policy has room to further cushion against downside risks to domestic demand.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.