In December, consumer prices rose 0.09% over the previous month, which came in below the 0.28% increase registered in November. The December reading mainly reflected higher prices for transport and communications, as well as for housing and furnishing, which, were partially offset by lower prices for food and beverages. As a result of the marginal increase in consumer prices, annual inflation stepped up from 2.8% in November to 3.0% in December, exactly in line with private sector analysts' expectations. At the current level, inflation remains within the Central Bank's target range of 0.5% - 3.0%, which is based on quarterly average core inflation (the current quarterly average is 1.2%). The core inflation index, which smoothes out more volatile categories such as raw food and energy prices, jumped 0.39% over the previous month, contrasting the flat figure observed in November. As a result, annual core inflation climbed to 1.4% in December from 1.1% in November. The Central Bank expects headline inflation to remain between 3.0% and 5.0% this year.
Inflation increases in December
January 5, 2011
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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.