In August, consumer prices climbed 0.43% over the previous month, which more than doubled the 0.18% rise recorded in July. The monthly jump was mainly the result of higher prices for food and beverages, which jumped 1.66% over the previous month (July: -0.20% month-on-month). As a result, annual headline inflation rose from 4.1% in July to 4.3% in August, the highest level since September 2008. The reading contrasted market expectations that had inflation moderating to 4.0%. The core inflation index, which excludes more volatile categories such as fresh food and fuel jumped from 0.08% in July to 0.27% in August. Annual core inflation rose to 2.8% (July: 2.6% year-on-year), which marked a three year high. Nevertheless, at the current level, core inflation remains within the Central Bank's target range of between 0.5% and 3.0%. The Central Bank expects headline inflation will average 3.9% this year and 3.2% in 2012.
Inflation rises to four-year high
September 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.