Wednesday, Thailand's National Statistical Office announced that the consumer price index or CPI dropped 0.2% year-over-year in March, after falling 0.1% in February. Economists had predicted a decline of 0.4%.

On a monthly basis, the CPI rose 0.5% in March, compared with a 1% increase in the previous month.

The core CPI, which excludes fresh food and fuel, increased 1.5% in March, slower than the 1.8% rise in the previous month. The core inflation came in line with economists' expectations.

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