In February, consumer prices rose 0.37% over the previous month, which was virtually unchanged from the 0.39% increase observed in January. The monthly increase reflected higher prices for food and beverages as well as for energy. Annual headline inflation edged down from 3.4% in January to 3.3% in February, which was in line with market expectations. The annual reading marked the lowest level since March 2011. The core inflation index, which strips out more volatile categories such as unprocessed food and fuels, rose 0.11% over the previous month, which was below the 0.26% increase tallied in January. Annual core inflation was unchanged at January's 2.7%, and therefore remains within the Central Bank's 0.5%-3.0% target range. The Bank of Thailand expects inflation to average 3.2% this year, before moderating to 2.9% in 2013.
Inflation eases slightly in February
February 2, 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.