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Thai consumer prices expected to fall 0.45% year-on-year in March

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Thailand's consumer price index is expected to show a fall of 0.45 per cent in March from a year before, following a 0.52 per cent fall in February, a Reuters poll showed.

[BANGKOK] Thailand's consumer price index is expected to show a fall of 0.45 per cent in March from a year before, following a 0.52 per cent fall in February, a Reuters poll showed.

The fall in the headline measure of inflation in February for a second straight month was largely due to lower oil prices.

Inflation in Thailand has been benign, curbed by government price controls, the slump in oil prices and subdued domestic demand following political unrest that ended with a military coup in May last year.

Earlier this month the central bank cut its forecast for 2015 headline inflation to 0.2 per cent from 1.2 per cent.

REUTERS