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.
Inflation rises in September
October 2, 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, 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.