Inflation in Thailand

Thailand Inflation | Economic News & Forecasts

Thailand - Inflation

Inflation comes in at highest level since May in October

Consumer prices increased 0.74% in October over the previous month, coming in below the 1.59% increase logged in September. Looking at the details of the release, prices for food and non-alcoholic beverages rose in October, although prices for housing and furnishing dropped after growing in the previous month.

Inflation increased to 2.4% in October, rising from September’s 1.7% print and thus clocking the highest inflation rate since May. Annual average inflation rose to 0.8% in October (September: 0.5%), while core inflation was stable, coming in at September's 0.2% in October.

FocusEconomics Consensus Forecast panelists see inflation averaging 1.2% in 2022, which is unchanged from last month’s forecast, while in 2023 panelists predict average inflation of 1.3%.

Thailand - Inflation Data

2015   2016   2017   2018   2019  
Inflation Rate (CPI, annual variation in %)-0.9  0.2  0.7  1.1  0.7  

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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

Value Change Date
Exchange Rate30.110.17 %Dec 30

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