Thailand Inflation September 2020


Thailand: Consumer prices slide again on an annual basis in September

October 5, 2020

Consumer prices fell 0.11% in September over the previous month, swinging from August's 0.29% increase. September's result marked the sharpest fall in prices since April. The decline was primarily driven by lower prices for food and non-alcoholic beverages.

Consumer prices decreased 0.7% year-on-year in September, following August’s 0.5% fall. Accordingly, the trend pointed down slightly, with the annual average variation of consumer prices coming in at minus 0.7% in September (August: -0.6%). Core inflation fell to 0.2% from August’s 0.3%.

FocusEconomics Consensus Forecast panelists see consumer prices falling 1.1% in 2020, which is up 0.1 percentage points from last month’s forecast. For 2021, panelists predict average inflation of 0.8%, which is unchanged from the prior month’s estimate.

Author:, Economist

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Thailand Inflation Chart

Thailand Inflation September 20 20

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

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