Thailand’s rate of inflation fell back from a 10-year high in the previous months to 6.4 per cent in August over falling world oil prices, according to the commerce ministry.

The inflation has been dropped significantly from July, when it hit another decade high of 9.2 per cent amid rising fuel and food prices.

Siripol Yodmuangcharoen, permanent secretary of the commerce ministry, said a the drop is stemmed from lower oil prices to $113 from $125, as well as government’s measures to ease the cost of living such as lower utilities prices and limited free public transport.

He said decrease in domestic cost of living was due to a government package, which introduced to help low-earners in July.

Based on the current economic and political situations, Mr. Siripol predicted that the country’s inflation would stay at 6.5-6.9 per cent throughout the year.