Thailand Inflation


Inflation quickens to 13-month high

In December, consumer prices rose 0.39% over the previous month, which contrasted both the 0.35% drop recorded in November and the 0.48% decline recorded in December 2011. The reading primarily reflected higher prices for food and non-alcoholic beverages, particularly for fresh food. As a result of the monthly jump, annual headline inflation climbed to 3.6% in December (November: 2.7% year-on-year), exceeding market expectations that had inflation rising to 3.2%.

The core inflation index, which excludes energy and fresh food prices, added 0.04% over the previous month, which was almost unchanged from the 0.05% rise recorded in November, driving annual core inflation to 1.8% in December (November: 1.9% yoy). At the current level, core inflation remains well within the Central Bank's 0.5%-3.0% target range.

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Thailand Inflation Chart

Thailand Inflation December 2013

Note: Month-on-month and year-on-year changes of consumer price index in %.
Source: Bureau of Trade and Economics (BTE) and FocusEconomics calculations.

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