Thai October headline CPI drops 0.5% year-on-year, in line with forecast

Thai October headline CPI drops 0.5% year-on-year, in line with forecast

FILE PHOTO: A mother and her daughter shop for bananas at a market in Bangkok, Thailand, March 31, 2016. REUTERS/Athit Perawongmetha/File Photo

BANGKOK (Reuters) - Thailand's headline consumer price index (CPI) in October dropped 0.50% from a year earlier, commerce ministry data showed on Thursday.

That was in line with the 0.5% contraction forecast in a Reuters poll and followed September's 0.7% drop.

The core CPI index rose 0.19% from a year earlier, compared with a forecast of a 0.22% increase, and against September's 0.25% rise.

(Reporting by Kitiphong Thaichareon; Writing by Satawasin Staporncharnchai; Editing by Martin Petty)