Inflation in Thailand
Thailand - Inflation
Inflation declines to lowest level since April in October
Inflation came in at 6.0% in October, down from September’s 6.4%. October's reading marked the lowest inflation rate since April.
Annual average inflation rose to 5.5% in October (September: 5.2%). Meanwhile, core inflation ticked up to 3.2% in October, from September’s 3.1%.
Finally, consumer prices rose 0.33% in October over the previous month, picking up from September's 0.22% increase. October's result was the sharpest increase in prices since June.
FocusEconomics Consensus Forecast panelists project inflation to average 5.3% in 2022, up 0.6 percentage points from last month’s forecast, while for 2023, panelists project average inflation of 2.1%.
Thailand - Inflation Data
|Inflation Rate (CPI, annual variation in %)||-0.9||0.2||0.7||1.1||0.7|
5 years of economic forecasts for more than 30 economic indicators.
Thailand Inflation Chart
Source: Bureau of Trade and Economics and FocusEconomics calculations.
|Exchange Rate||30.11||0.17 %||Dec 30|
Get a sample report showing our regional, country and commodities data and analysis.
Request a Trial
Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.
December 1, 2022
At its 30 November meeting, the Monetary Policy Committee (MPC) of the Bank of Thailand (BoT) hiked the policy rate to 1.25% from 1.00%.
November 22, 2022
GDP growth sped up to 4.5% year on year in the third quarter, from 2.5% in the second quarter.
November 14, 2022
Manufacturing output dropped 2.3% month-on-month in seasonally-adjusted terms in September (August: +2.6% mom).
November 14, 2022
Merchandise exports climbed 7.8% annually in September, on the heels of August’s 7.5% increase.
November 7, 2022
Inflation came in at 6.0% in October, down from September’s 6.4%.