Thailand Inflation


Thailand: Consumer prices record softer annual drop in June

July 2, 2015

In June, consumer prices rose 0.10% over the previous month, which followed the 0.17% increase observed in May. According to the Ministry of Commerce, June’s increase mainly resulted from higher prices for food and non-alcoholic beverages.

Consumer prices fell 1.1% over the same month last year. The figure followed May’s 1.3% drop, which had marked the fastest decrease since July 2009. As a consequence, inflation is well 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, rose 0.06% over the previous month (May: 0.05% month-on-month). Annual core inflation was stable at May’s 1.5% in June.

The Bank of Thailand projects that inflation will average 2.1% in 2015. FocusEconomics Consensus Forecast panelists expect inflation to average 2.1% in 2015, which is down 0.2 percentage points from last month’s Consensus. For 2016, panelists see average inflation at 2.5%.

Author:, Senior Economist

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Thailand Inflation Chart

Thailand Inflation June 2015

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

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