In December, consumer prices fell 0.48% over the previous month, which contrasted the 0.21% rise recorded in November. The monthly drop reflected declining prices for energy and food, particularly for fresh food, as floodwater receded in December. As a result, annual headline inflation fell from 4.2% in November to 3.5% in December, which was below market expectations that had inflation falling to 4.0%. Annual average inflation closed 2011 at 3.8%, above the 3.3% observed in 2010 and in line with the Central Bank's estimate. The core inflation index, which strips out volatile categories such as fresh food and fuel, rose 0.11% over the previous month, with annual core inflation dropping from 2.9% in November to 2.7% in December. Thus, core inflation closed 2011 within the Central Bank's 0.5%-3.0% target range. The Bank of Thailand expects inflation to average 3.5% this year.
Inflation eases in December
January 4, 2012
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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.