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Consumer prices hit 12-year low
Consumer prices fell for a sixth month, plummeting to a 12-year low in June, as the cost of oil, public transport, communications and food receded.
Consumer prices hit 12-year low
Consumer prices fell for a sixth consecutive month in June.


Despite the fall, the government still insists Thailand is not in a deflationary spiral, where contracting prices and economic growth are compounded by widespread unemployment.

Inflation measured by the consumer price index (CPI) fell 4% year-on-year in June and a 3.3% decline in May continued Thailand's longest string of contractions since the 1997 financial crisis.

"Lower oil costs from the peak last year and the government's short-term measures to provide free utilities for
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