Inflation in Thailand
Thailand - Inflation (end of period)
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 (eop) Data
|Inflation Rate (CPI, annual variation in %, eop)||3.5||3.1||3.5||3.6||1.7|
5 years of economic forecasts for more than 30 economic indicators.
Thailand Inflation (eop) Chart
Source: Bureau of Trade and Economics and FocusEconomics calculations.
|Bond Yield||2.67||-0.74 %||Apr 05|
|Exchange Rate||34.46||0.31 %||Apr 05|
|Stock Market||1,582||-0.11 %||Apr 05|
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April 24, 2017
In March, the trade balance recorded a USD 1.6 billion surplus.
April 3, 2017
In March, consumer prices in Thailand declined 0.46% on a month-on-month basis, contrasting the 0.04% increase recorded in February.
March 31, 2017
In February, the trade balance recorded a USD 1.6 billion surplus.
March 30, 2017
In February, manufacturing production decreased 1.5% from the same month last year, which contrasted the 2.2% rise in January and marked the worst result in seven months.
March 29, 2017
At its 29 March 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.