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Thailand's consumer prices fall for fifth consecutive month

Negative inflation adds to PM Srettha's pressure on central bank

Shoppers and tourists walk along Khaosan Road in Bangkok. (Photo by Hiroki Endo) 

BANGKOK -- Consumer prices in Thailand fell again in February, marking a fifth straight month of negative inflation as the government ramps up pressure on the central bank to lower interest rates.

The headline consumer price index in February decreased by 0.77% from a year earlier, data from the Ministry of Commerce released on Tuesday shows, slightly up from minus 1.11% in January. The ministry's Trade Policy and Strategy Office said an increased supply of meat and fresh vegetables drove prices down, as well as continuing government subsidies on diesel fuel and electricity.

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