Thailand Inflation January 2021

Thailand

Thailand: Consumer prices inch up in January

February 5, 2021

Consumer prices rose 0.09% from the previous month in January, following December's 0.15% rise. The moderation was largely driven by falling prices for housing and furnishing.

Consumer prices fell 0.3% on an annual basis in January, matching December’s decrease. The annual average variation of consumer prices fell to minus 1.0% in January (December: -0.8%). Lastly, core inflation was unchanged for the fourth month running in January, coming in at 0.2%.

FocusEconomics Consensus Forecast panelists see inflation returning in 2021, with consumer prices rising 1.0%, which is unchanged from last month’s forecast, while in 2022 panelists predict average inflation of 1.2%.


Author:, Economist

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Thailand Inflation Chart


Thailand Inflation January 2021

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


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