Thailand Inflation March 2022


Thailand: Inflation comes in at highest level since September 2008 in March

April 8, 2022

Consumer prices rose 0.66% in March over the previous month, coming in below the 1.06% increase recorded in February. The result was primarily due to dropping prices for food and non-alcoholic beverages.

Inflation came in at 5.7% in March, up from February’s 5.3%. March's result was the highest inflation rate since September 2008. Annual average inflation rose to 2.6% in March (February: 2.1%). Finally, core inflation ticked up to 2.0% in March, from February’s 1.8%.

FocusEconomics Consensus Forecast panelists see inflation averaging 2.0% in 2022, which is up 0.3 percentage points from last month’s forecast, while in 2023 panelists predict average inflation of 1.3%.

Author: Massimo Bassetti, Senior Economist

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