In January, consumer prices rose 0.55% over the previous month, which was above the 0.09% increase observed in December. The January increase was mainly the result of higher prices for food and beverages, especially for fruits and vegetables as a result of the recent adverse weather conditions that hit the country at the start of this year. Annual inflation remained unchanged at 3.0% in January, which was in line with market expectations. At the current level, inflation sits within the Central Bank's target rate of 0.5% - 3.0%, which is based on quarterly average core inflation (the current quarterly average is 1.3%). The core inflation index, which excludes fresh food and fuel prices, rose a more moderate 0.19% over the previous month (December: 0.39% month-on-month). As a result, annual core inflation was unchanged at 1.4% in January, which, nevertheless, represents the highest reading since March 2009. The Commerce Ministry left its projections for this year unchanged at an inflation rate of between 3.2% and 3.7%. Meanwhile, the Central Bank expects headline inflation to remain between 2.5% and 4.5% this year and between 2.0% and 4.0% for next year.
Inflation remains stable in January
February 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.