Producer Prices in Thailand
Thailand - Producer Prices
Inflation decelerates in June
Consumer price growth in June came in barely above the zero percent mark, registering a 0.02% increase on a month-on-month basis, following the previous month’s 0.15% increase. June’s reading is the lowest in three months and came on the back of higher prices for food and non-alcoholic beverages and recreation and education, which just offset lower prices for transportation and communication and non-food and beverages. Core consumer prices, excluding energy and fresh food, increased 0.08% in June compared to the previous month (May: +0.01% month-on-month), marking the highest print in a year.
Prices decreased 0.1% year-on-year in June, below May’s reading but matching market expectations of a 0.1% fall. Inflation thus remained outside the Central Bank’s target range of 1.0%-4.0% for the fourth consecutive month. Core inflation was steady at 0.5% in June.
The Bank of Thailand foresees inflation of 0.8% in 2017 and 1.6% in 2018. FocusEconomics Consensus Forecast panelists expect inflation of 1.2% on average in 2017, which is down 0.1 percentage points from last month’s forecast. For 2018, panelists predict average inflation of 1.7%.
Thailand - Producer Prices Data
|Inflation (PPI, annual variation in %)||5.5||1.0||0.3||0.1||-4.1|
5 years of economic forecasts for more than 30 economic indicators.
|Bond Yield||2.48||-0.60 %||Jul 18|
|Exchange Rate||33.56||-0.38 %||Jul 18|
|Stock Market||1,572||-0.16 %||Jul 18|
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July 3, 2017
Consumer price growth in June came in barely above the zero percent mark, registering a 0.02% increase on a month-on-month basis, following the previous month’s 0.15% increase.
June 30, 2017
Manufacturing production unexpectedly swung up in May to 1.4% from the previous month’s revised 1.8% contraction (previously reported: -1.7%) and overshot market expectations of a 0.20% fall.
June 22, 2017
Thailand’s trade balance recorded a USD 0.9 billion surplus in May, which is significantly above the previous month’s USD 0.1 billion surplus.
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, the trade balance recorded a USD 0.1 billion surplus.