Thailand's June CPI rose 2.42% YoY, slowing for a second month from May's 2.79%
and below a 2.7% market median, the commerce ministry said on Monday. The
slowdown suggests the oil-price shock's inflation impact may have peaked in
April, easing fears of a sustained energy-driven price surge, though underlying
price pressures continue to build. The print reinforces the BOT's view that
recent price rises are insufficient to warrant an immediate hike and supports
its willingness to tolerate short-term price pressure to back growth. Economists
expect Philippines June inflation, due Tuesday, to also be moderate.
