Inflation inched up in October on increases in food and non-alcoholic drink prices after September's rate slowed for a ninth straight month.
According to Commerce Ministry figures, prices for 450 consumer items rose by 1.46% year-on-year last month against 1.42% in September, 1.59% in August, 2% in July, 2.25% in June, 2.3% in May and 2.4% in April.
The reading is down from 3.6% last December, when the rate was its highest since November 2011. On a month-to-month basis, prices rose by 0.17%.
Core inflation, which excludes fresh food and fuel prices and is based on 312 products and services, rose by 0.71% year-on-year in October, within the Bank of Thailand's target range of 0.5% to 3%.
In the first 10 months of this year, inflation averaged 2.27%, with core inflation at 1.03%.
The Commerce Ministry recently cut its inflation forecast for 2013 to between 2.1% and 2.6% from 2.8% to 3.4%, as Dubai oil prices are tipped for a moderate increase to US$90-110 a barrel.
The government is keeping measures to lower the cost of living, while the baht is expected to linger at 32 to the US dollar.
"Thailand's inflation remains at a manageable level," said Urawee Ngowroongrueng, the deputy commerce permanent secretary. "Compared with other countries in Asia from January-September, the rate in Thailand is just behind Taiwan's and Malaysia's rates of 0.89% and 1.8%, respectively."
Thammarat Kittisiripat, an assistant vice-president at TMB Analytics, brushed aside October's higher inflation rate.
"Thailand's inflation from this year until early next is not an area of concern," he said. "The global economy will recover strongly next year, and it may affect interest rates."