Thailand Inflation


Thailand: Consumer prices record weaker annual drop in October

November 3, 2015

In October, consumer prices rose 0.20% over the previous month, which contrasted the 0.05% decrease seen in September and marked the highest reading in 17 months. According to the Ministry of Commerce, October’s increase mainly resulted from higher prices for housing as well as for food and non-alcoholic beverages.

Consumer prices in October fell 0.8% over the same month last year. The figure was above September’s 1.1% drop. 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 0.05% over the previous month (September: +0.07% month-on-month). Core inflation was stable at the previous month’s 1.0%, thus remaining at the highest level in five months.

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 October 2015

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

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