In May, consumer prices added 0.34% over the previous month, which was well below the 1.38% price jump observed in April. The monthly rise reflected higher prices for food and beverages, which were partially offset by lower prices for transport and communication. As a result of the monthly rise, annual headline inflation rose from 4.0% in April to 4.2% in May, which was virtually in line with market expectations of a 4.3% rise. The reading represented the highest rate since September 2008. The core inflation index, which excludes more volatile categories such as fresh food and fuel, rose 0.46% over the previous month, pushing annual core inflation to 2.5% in May (April: 2.1% year-on-year). At the current level, core inflation remains within the Central Bank's target rate of 0.5% - 3.0%. Meanwhile, the Central Bank expects headline inflation will average 3.9% this year and 3.2% in 2012.
Inflation rises to two-year high
June 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.