In March, consumer prices rose 0.49% over the previous month, which was above the 0.40% increase tallied in February. The monthly rise reflected higher prices for food and beverages as well as for fuels. Annual inflation rose from 2.9% in February to 3.1% in March, which was in line with market expectations and marked the highest rate since August 2010. The core inflation index, which excludes more volatile categories from the consumer price index, rose 0.29% over the previous month, driving annual core inflation to 1.6% in March (February: 1.4% year-on-year), which represented the highest rate since February 2009. The reading suggests that, in addition to external pressures, strong domestic demand is also contributing to inflationary pressures. At the current level, core inflation remains within the Central Bank's target rate of 0.5% - 3.0%. In addition to increases in global oil and commodity prices, recent floods in the country's southern provinces are likely to lead to higher prices for agricultural products and construction materials, together with rising demand. Accordingly, the Ministry expects inflation to reach between 3.2% and 3.7% this year. Meanwhile, the Bank of Thailand expects headline inflation to remain between 2.5% and 4.5% this year and between 2.0% and 4.0% next year.
Inflation rises to seven-month high
April 1, 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.