Inflation in Thailand

Thailand Inflation | Economic News & Forecasts

Thailand - Inflation

Inflation decelerates in March

In March, consumer prices in Thailand declined 0.46% on a month-on-month basis, contrasting the 0.04% increase recorded in February. Core consumer prices, which exclude energy and fresh food, increased 0.04% in March compared to the previous month (February: +0.02%).

Inflation came in at 0.8% in March, easing markedly from February’s 1.4% and also well below market analysts’ forecast of a milder deceleration to 1.3%. As a consequence, the reading was back below the Central Bank’s target band of 1.0%-4.0% after only three months within the range. Core inflation was steady at 0.6% in March.


The Bank of Thailand foresees inflation of 1.2% in 2017 and 1.9% in 2018. FocusEconomics Consensus Forecast panelists expect inflation of 1.6% on average in 2017, which is unchanged from last month’s forecast. For 2018, panelists predict average inflation of 1.9%.

Thailand - Inflation Data

2012  2013  2014  2015  2016  
Inflation Rate (CPI, annual variation in %)-0.9  3.3  3.8  3.0  2.2  

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Thailand Inflation Chart


Thailand Inflation
Note: Annual variation of consumer price index (CPI) in %.
Source: Bureau of Trade and Economics and FocusEconomics calculations.

Thailand Facts

ValueChangeDate
Bond Yield2.67-0.74 %Apr 05
Exchange Rate34.460.31 %Apr 05
Stock Market1,582-0.11 %Apr 05

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