In April, consumer prices added 0.42% over the previous month, which followed on the 0.59% increase observed in March. The monthly rise reflected higher prices for food and non-alcoholic beverages, which were partially offset by lower prices for clothing and footwear. Despite the monthly increase, annual inflation dropped from 3.4% in March to 2.5% in April, returning to levels not seen since November 2009. The reading undershot market expectations that had inflation falling to 2.9% and mainly reflected a high base of comparison, as inflation reached 4.0% in the same month last year. The core inflation index, which smoothens more volatile categories such as fresh food and fuel, rose a more subdued 0.10%, which was down from the 0.33% increase registered in March. Consequently, annual core inflation fell from 2.8% in March to 2.1% in April, thereby remaining well below the upper limit of the Central Bank's 0.5%-3.0% target range. Annual average inflation fell to 2.8% in April from 3.9% in March. The Bank of Thailand expects inflation to average 3.4% this year.
Inflation falls to lowest level in more than two years
May 3, 2012
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Thailand Inflation Chart
Note: Month-on-month and year-on-year changes of consumer price index in %.
Source: Bureau of Trade and Economics (BTE) and FocusEconomics calculations.
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, 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 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 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.