Thailand Inflation November 2020


Thailand: Consumer prices record smallest fall since February in November

December 4, 2020

Consumer prices dropped 0.04% over the previous month in November, swinging from the 0.05% rise logged in October. The reading was primarily driven by dropping prices for food and non-alcoholic beverages.

Consumer prices fell 0.4% year-on-year in November, a less pronounced drop than October’s 0.5% decrease. November's reading was the smallest dip in consumer prices since February. Meanwhile, the trend pointed down slightly, with the annual average variation of consumer prices coming in at minus 0.8% in November (October: -0.7%). Lastly, core inflation was stable, coming in at October's 0.2% in November.

FocusEconomics Consensus Forecast panelists see inflation returning in 2021, with consumer prices rising 0.9%, which is unchanged 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 November 20 20

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

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