Thailand Inflation


Inflation rises in February

In February, consumer prices rose 0.23% over the previous month, which was down from the 0.42% rise recorded in January. According to the Ministry of Commerce, February's increase was the result of a rise in prices for food and non-alcoholic beverages as well as for electricity, fuel and water supply.

Annual headline inflation rose from 1.9% in January to 2.0% in February. The result slightly overshot the 1.9% increase that markets had expected.

Core consumer prices, which exclude energy and fresh food prices, inched up from 0.21% in January to 0.27% in February. In addition, annual core inflation rose to 1.2% (January: 1.0%). Core inflation is still within the Central Bank's target range of 0.5%-3.0%.

The Bank of Thailand projects that inflation will average 2.4% in 2014. FocusEconomics Consensus Forecast panelists expect inflation to average 2.8% in 2014, which is down 0.1 percentage points from last month's Consensus. For 2015, panelists see average inflation at 3.1%.

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Thailand Inflation Chart

Thailand Inflation February 2014

Note: Month-on-month and year-on-year changes of consumer price index in %.
Source: Bureau of Trade and Economics (BTE) and FocusEconomics calculations.

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