In October, consumer prices remained unchanged over the previous month, which contrasted the 0.09% price drop observed in September. The October reading mainly reflected higher prices for transports and communications, which were offset by lower prices for food and beverages, as government subsidies helped containing inflationary pressures. As a result of the subdued reading, annual headline inflation fell from 3.0% in September to 2.8% in October, undershooting market expectations, which had inflation remaining stable at 3.0%. At the current level, inflation remains within the Central Bank's target range of 0.5% - 3.0%, which is based on quarterly average core inflation (the current quarterly average is 1.1%). The core inflation index, which excludes unprocessed food and energy prices, rose 0.10% over the previous month. Annual core inflation remained unchanged at September's 1.1%. The Central Bank expects headline inflation to stay between 2.8% and 3.8% this year. For 2011, the Bank expects inflation to average between 3.0% and 5.0%.
Inflation continues to moderate in October
November 2, 2010
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Thailand Economic News
October 17, 2016
On 13 October, Thailand’s beloved King Bhumibol Adulyadej died after a 70-year reign and his successor, Crown Prince Maha Vajiralongkorn, has declared his wish to wait until he ascends the throne.
October 4, 2016
In September, consumer prices inched up 0.04% from the previous month, which contrasted the 0.04% decrease observed in August and overshot market expectations of a 0.1% increase.
September 30, 2016
In August, the trade balance recorded a USD 2.1 billion surplus, which was above the USD 0.7 billion surplus observed in the same month of the previous year and was also higher than the USD 0.8 billion surplus registered in July.
September 30, 2016
In August, manufacturing production increased 3.1% over the same month last year, which was a sharp upswing from the 5.0% contraction seen in July and marked the highest reading in over three years.
September 14, 2016
At its 14 September monetary policy meeting, the Bank of Thailand (BoT) decided unanimously to keep the one-day repurchase rate at 1.50% as the markets had expected. In its press release, the Bank commented that the Thai economy had accelerated in the second quarter on the back of strong private consumption and resilient public expenditure.