Inflation in Thailand
Thailand - Inflation
Inflation flat in May
In May, consumer prices increased 0.15% on a month-on-month basis, virtually matching April’s 0.16% increase. Core consumer prices, which exclude energy and fresh food, increased 0.01% in May compared to the previous month (April: +0.02% month-on-month).
Inflation was flat in May, below April’s 0.4% and also below market analysts’ forecast of a milder deceleration to 0.2%. The reading, a 14-month low, was thus further below the Central Bank’s target band of 1.0%-4.0%. Core inflation was steady at 0.5% in May.
The Bank of Thailand foresees inflation of 1.2% in 2017 and 1.9% in 2018. FocusEconomics Consensus Forecast panelists expect inflation of 1.3% on average in 2017, which is unchanged from last month’s forecast. For 2018, panelists predict average inflation of 1.7%.
Thailand - Inflation Data
|Inflation Rate (CPI, annual variation in %)||3.8||3.0||2.2||1.9||-0.9|
5 years of economic forecasts for more than 30 economic indicators.
Thailand Inflation Chart
Source: Bureau of Trade and Economics and FocusEconomics calculations.
|Bond Yield||2.46||0.82 %||Jun 16|
|Exchange Rate||33.93||0.26 %||Jun 16|
|Stock Market||1,577||0.19 %||Jun 16|
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June 2, 2017
In May, consumer prices increased 0.15% on a month-on-month basis, virtually matching April’s 0.16% increase.
May 31, 2017
In April, manufacturing production decreased 1.7% from the same month last year, which was below the flat reading in March.
May 31, 2017
In April, the trade balance recorded a USD 0.1 billion surplus.
May 24, 2017
At its 24 May monetary policy meeting, the Bank of Thailand (BoT) unanimously decided to keep the one-day repurchase rate at 1.50%, where it has been for nearly two years.
May 3, 2017
In April, consumer prices increased 0.16% on a month-on-month basis, contrasting the 0.46% drop recorded in March.