Thailand Inflation February 2016

Thailand

Thailand: Consumer prices drop in February

March 2, 2016

In February, consumer prices increased 0.15% over the previous month, which contrasted the 0.26% decrease seen in January and marked a four-month high. According to the Ministry of Commerce, February’s increase mainly resulted from lower prices for energy and communication.

Consumer prices in February fell 0.50% over the same month last year. The figure matched December’s figure. Inflation remains below the Central Bank’s tolerance margin of plus/minus 1.5 percentage points around its target of 2.5%. Core consumer prices, which exclude prices for energy and fresh food, increased 0.18% over the previous month, thus following the 0.07% increase seen in the previous month. Core inflation inched up from 0.6% in January to 0.7% in February..

The Bank of Thailand projects inflation to average 1.2% in 2016. FocusEconomics Consensus Forecast panelists expect consumer prices to increase 1.4% on average in 2016, which is down 0.1 percentage points from last month’s Consensus. For 2017, panelists see average inflation at 2.2%.


Author:, Senior Economist

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Thailand Inflation Chart


Thailand Inflation February 2016

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


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