Thailand Inflation February 2017

Thailand

Thailand: Inflation inches back down in February

In February, consumer prices rose by 0.04% on a month-on-month basis, down from the 0.16% increase recorded in January. Core consumer prices, which exclude energy and fresh food, increased 0.02% in February compared to the previous month (January: +0.07%).

Inflation came in at 1.4% in February, below January’s 1.6%. Nonetheless the reading was comfortably within the Central Bank’s target band of 1.0%-4.0% for the third consecutive month after two years below the lower bound. Core inflation dropped from 0.8% in January to 0.6% in February.

The Bank of Thailand foresees inflation of 1.5% in 2017. FocusEconomics Consensus Forecast panelists expect inflation of 1.6% on average in 2017, which is unchanged from last month’s forecast. For 2018, panelists predict average inflation of 1.9%.


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Thailand Inflation Chart


Thailand Inflation February 2017

Note: Annual and monthly variation of consumer price index in %.
Source: Ministry of Commerce and FocusEconomics calculations.


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