Thailand annual inflation rate decelerated sharply to 0.53% in May, down from 2.67% in the previous month and well below market forecasts of 1.70%, the lowest rate since August 2021, triggered by a dip in non-food product prices, primarily due to a significant decrease in fuel costs. The core consumer prices slowed to 1.55%, slightly down from 1.66% and closely matching market predictions of 1.60%. The CPI fell 0.71% MoM in May, following a 0.19% increase in April.