In February, consumer prices added 0.37% over the previous month, which was below the 0.55% increase tallied in January. The February rise mainly reflected higher prices for housing and furnishing, as well as for food and beverages. Annual inflation fell from 3.0% in January to 2.8% in February, which was in line with private sector analysts' expectations. The core inflation index, which strips more volatile items from the consumer price index, rose a more moderate 0.10% over the previous month, leaving annual core inflation unchanged at 1.4% in February (January: 1.4% year-on-year). At the current level, core inflation sits within the Central Bank's target rate of 0.5% - 3.0%. The Commerce Ministry sees inflation increasing in the months ahead, as several government subsidies, which helped to counter increases in food and fuel prices, will expire at the end of March. Accordingly, the Ministry expects inflation to reach between 3.2% and 3.7% this year. Meanwhile, the Central Bank expects headline inflation to remain between 2.5% and 4.5% this year and between 2.0% and 4.0% next year.
Inflation declines in February
March 2, 2011
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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.