Thailand Inflation April 2022

Thailand

Thailand: Inflation decreases in April

May 11, 2022

Consumer prices rose 0.34% over the previous month in April, below the 0.66% rise recorded in March. April's result marked the softest rise in prices since December 2021. Looking at the details of the release, prices for food and non-alcoholic beverages increased at a quicker pace in April, although prices for housing and furnishing were steady were broadly in line with the previous month's reading.

Inflation fell to 4.6% in April from March’s 5.7%. April's figure marked the lowest inflation rate since January. Meanwhile, the trend pointed up slightly, with annual average inflation coming in at 2.7% in April (March: 2.6%). Finally, core inflation was stable, coming in at March's 2.0% in April.

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%.


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