Thailand Inflation June 2020

Thailand

Thailand: Consumer prices fall on an annual basis in June

July 4, 2020

Consumer prices increased 1.56% in June over the previous month, accelerating from May's 0.01% rise. June's figure was the sharpest increase in prices since May 2008. The result was largely driven by rising prices for food and non-alcoholic beverages. In addition, price pressures for housing and furnishing also increased.

Consumer prices fell 1.6% year-on-year in June, less than May’s 3.4% decrease. The annual average variation of consumer prices edged down to minus 0.3% in June (May: -0.1%).

FocusEconomics Consensus Forecast panelists see consumer prices falling 1.1% in 2020, which is from last month’s forecast. For 2021, panelists predict average inflation of 0.9%.


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Thailand Inflation June 20 20

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


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