In June, consumer prices added 0.16% over the previous month, which was below the 0.39% rise observed in May. The monthly increase reflected higher energy prices, which were partially offset by lower prices for food and non-alcoholic beverages. As a result of the monthly rise, annual headline inflation edged up from 2.5% in May to 2.6% in June, which overshot market expectations that had inflation remaining stable at 2.5%. The core inflation index, which excludes more volatile categories such as fresh food and fuel, rose 0.15% over the previous month, below the 0.29% increase observed in May. Annual core inflation inched down from 2.0% in May to 1.9% in June, thereby remaining well below the upper limit of the Central Bank's 0.5%-3.0% target range. Annual average inflation inched down from 3.6% in May to 3.5% in June. The Bank of Thailand cut its inflation projections for this year and now expects it to average 3.3% this year, down from its previous 3.5% estimate. The Bank cited lower global commodities prices, amid slower global economic activity.
Inflation rises slightly in June
July 2, 2012
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Thailand Inflation Chart
Note: Month-on-month and year-on-year changes of consumer price index in %.
Source: Bureau of Trade and Economics (BTE) and FocusEconomics calculations.
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.