Thailand Inflation October 2021


Thailand: Inflation comes in at highest level since May in October

November 5, 2021

Consumer prices increased 0.74% in October over the previous month, coming in below the 1.59% increase logged in September. Looking at the details of the release, prices for food and non-alcoholic beverages rose in October, although prices for housing and furnishing dropped after growing in the previous month.

Inflation increased to 2.4% in October, rising from September’s 1.7% print and thus clocking the highest inflation rate since May. Annual average inflation rose to 0.8% in October (September: 0.5%), while core inflation was stable, coming in at September's 0.2% in October.

FocusEconomics Consensus Forecast panelists see inflation averaging 1.2% in 2022, which is unchanged from last month’s forecast, while in 2023 panelists predict average inflation of 1.3%.

Author:, Economist

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Thailand Inflation Chart

Thailand Inflation October 2021

Note: Annual and monthly variation of consumer price index in %.
Source: Ministry of Commerce and FocusEconomics calculations.

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