Inflation in Thailand

Thailand Inflation | Economic News & Forecasts

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

2011  2012  2013  2014  2015  
Inflation Rate (CPI, annual variation in %)3.8  3.0  2.2  1.9  -0.9  

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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

Bond Yield2.460.82 %Jun 16
Exchange Rate33.930.26 %Jun 16
Stock Market1,5770.19 %Jun 16

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