Thailand Inflation July 2020


Thailand: Consumer prices fall at milder rate in annual terms in July

August 6, 2020

Consumer prices increased 0.66% in July over the previous month, slowing from June's 1.56% rise. The result was largely driven by milder price pressures for housing and furnishings, partially offset by rising prices for food and non-alcoholic beverages.

Consumer prices fell 1.0% year-on-year in July, less than June’s 1.6% decrease. The annual average variation of consumer prices fell further to minus 0.4% in July (June: -0.3%).

FocusEconomics Consensus Forecast panelists see consumer prices falling 1.3% in 2020, which is down 0.2 percentage points from last month’s forecast. For 2021, panelists predict average inflation of 0.9%.


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Thailand Inflation Chart

Thailand Inflation July 20 20

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

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