Thailand Inflation December 2015


Thailand: Consumer prices record softer annual drop in December

December 2, 2015

In December, consumer prices fell 0.39% over the previous month, which followed the 0.32% decrease seen in November and marked an 11-month low. According to the Ministry of Commerce, December’s fall mainly resulted from lower prices for energy and communication.

Consumer prices in December fell 0.9% over the same month of the previous year. The figure was above November’s 1.0% drop. Inflation is now 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, dropped 0.02% over the previous month, thus contrasting the 0.05% increase seen in the previous month. Core inflation inched down from 0.9% in November to 0.7% in December, which marked the lowest reading since September 2013.

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 December 2015

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

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