Thailand Inflation October 2020


Thailand: Consumer prices continue to fall in annual terms in October

November 5, 2020

Consumer prices rose 0.05% in October over the previous month, swinging from the 0.11% fall recorded in September. The uptick in price pressures was largely due to rising prices for food and non-alcoholic beverages.

Consumer prices fell 0.5% on an annual basis in October, a smaller drop than September’s 0.7% decrease. Meanwhile, the trend was unchanged with the annual average variation of consumer prices coming in at minus September's 0.7% in October. Lastly, core inflation was unchanged, coming in at September's 0.2% in October.

FocusEconomics Consensus Forecast panelists see inflation returning in 2021, with consumer prices rising 0.9%, which is up 0.1 percentage points from last month’s forecast, while in 2022 panelists predict average inflation of 1.3%.

Author:, Economist

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Thailand Inflation Chart

Thailand Inflation October 20 20

Note: Annual and monthly variation of consumer price index in %.
Source: Ministry of Commerce and FocusEconomics calculations.

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