Producer Prices in Thailand
Thailand - Producer Prices
Inflation inches back down in February
In February, consumer prices rose by 0.04% on a month-on-month basis, down from the 0.16% increase recorded in January. Core consumer prices, which exclude energy and fresh food, increased 0.02% in February compared to the previous month (January: +0.07%).
Inflation came in at 1.4% in February, below January’s 1.6%. Nonetheless the reading was comfortably within the Central Bank’s target band of 1.0%-4.0% for the third consecutive month after two years below the lower bound. Core inflation dropped from 0.8% in January to 0.6% in February.
The Bank of Thailand foresees inflation of 1.5% in 2017. 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 - 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||2.80||0.36 %||Mar 23|
|Exchange Rate||34.58||-0.30 %||Mar 23|
|Stock Market||1,569||0.13 %||Mar 23|
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March 2, 2017
In February, consumer prices rose by 0.04% on a month-on-month basis, down from the 0.16% increase recorded in January.
February 28, 2017
In January, the trade balance recorded a USD 0.8 billion surplus.
February 28, 2017
In January, manufacturing production increased 1.3% from the same month last year, which was an acceleration from the flat reading in December 2016.
February 20, 2017
Thailand’s economy activity was broadly steady in the fourth quarter of last year as fiscal stimulus lifted domestic demand and counterweighed uncertainty regarding the country’s leadership.
February 8, 2017
At its 8 February monetary policy meeting, the Bank of Thailand (BoT) unanimously decided to keep the one-day repurchase rate at 1.50%, as market analysts had expected. The BoT stated that the Thai economy has been growing faster than it had foreseen on the back of the gradually improving performance of the domestic economy.