Thailand Inflation


Inflation rises in September

In September, consumer prices added 0.34% over the previous month, which came in below the 0.40% increase recorded in August, but contrasted the 0.33% drop recorded in the same month last year. The print reflected how higher prices for food and non-alcoholic prices offset lower prices for transport. As a result, annual headline inflation climbed to 3.4% in September from 2.7% in August. The core inflation index, which excludes energy and fresh food prices, rose 0.23% over the previous month, which was above the 0.17% increase observed in August. As a result, annual core inflation rose to 1.9% in September (August: 1.8% year-on-year). At the current level, core inflation remains well within the Central Bank's 0.5%-3.0% target range. Annual average inflation continues its downward trajectory, inching down from 3.3% in August to 3.2% in September, its lowest level since April 2011. The Bank of Thailand projects inflation to average 2.9% this year and 3.4% in 2013.

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Thailand Inflation Chart

Thailand Inflation September 2012

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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