In January, consumer prices added 0.39% over the previous month, which contrasted the 0.48% fall seen in December. The monthly rise was mainly the result of higher prices for housing and energy. Despite the monthly jump, annual headline inflation inched down from 3.5% in December to 3.4% in January, which was in line with market expectations. The annual reading marked the lowest level observed since March 2011. The core inflation index, which smoothens more volatile categories such as fresh food and fuels, rose 0.26% in December over the previous month, which was above the 0.11% increase tallied in November. As a result, annual core inflation remained unchanged at December's 2.7%, which remains within the Central Bank's 0.5%-3.0% target range. In January, the Bank of Thailand revised its projections for this year and now expects inflation to average 3.2%, which is below its previous 3.5% estimate. For 2013, the Bank sees inflation moderating to 2.9%.
Inflation falls to 10-month low
February 2, 2012
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Thailand Economic News
October 17, 2016
On 13 October, Thailand’s beloved King Bhumibol Adulyadej died after a 70-year reign and his successor, Crown Prince Maha Vajiralongkorn, has declared his wish to wait until he ascends the throne.
October 4, 2016
In September, consumer prices inched up 0.04% from the previous month, which contrasted the 0.04% decrease observed in August and overshot market expectations of a 0.1% increase.
September 30, 2016
In August, the trade balance recorded a USD 2.1 billion surplus, which was above the USD 0.7 billion surplus observed in the same month of the previous year and was also higher than the USD 0.8 billion surplus registered in July.
September 30, 2016
In August, manufacturing production increased 3.1% over the same month last year, which was a sharp upswing from the 5.0% contraction seen in July and marked the highest reading in over three years.
September 14, 2016
At its 14 September monetary policy meeting, the Bank of Thailand (BoT) decided unanimously to keep the one-day repurchase rate at 1.50% as the markets had expected. In its press release, the Bank commented that the Thai economy had accelerated in the second quarter on the back of strong private consumption and resilient public expenditure.