In November, consumer prices added 0.21% over the previous month, which was above the 0.19% increase recorded in October. The monthly rise reflected higher prices for food and beverages, particularly for fresh food, which were affected by the floods, albeit the impact was less severe than initially expected. That said, annual headline inflation remained steady in November at October's 4.2%, falling short of market expectations of a 4.4% increase. The core inflation index, which strips out more volatile categories such as raw food and energy, rose only 0.03% in November (October: +0.07% month-on-month), which saw annual core inflation unchanged at 2.9% for the fourth consecutive month. At the current level, core inflation remains only a notch below the ceiling of the Central Bank's 0.5%-3.0% target range. The Central Bank revised its inflation forecast for this year and now expects it to average 3.8%, slightly down from its previous 3.9% estimate. For 2012, the Bank expects inflation to average 3.5%, which is up from its previous 3.2% projection.
Inflation remains stable in November
December 2, 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.