Thailand Inflation April 2017


Thailand: Inflation at six-month low in April

May 3, 2017

In April, consumer prices increased 0.16% on a month-on-month basis, contrasting the 0.46% drop recorded in March. Core consumer prices, which exclude energy and fresh food, increased 0.02% in April compared to the previous month (March: +0.04% month-on-month).

Inflation came in at 0.4% in April, a slowdown from March’s 0.8% and also below market analysts’ forecast of a milder deceleration to 0.7%. The reading was thus further below the Central Bank’s target band of 1.0%-4.0%. Core inflation inched down from 0.6% in March to 0.5% in April.

The Bank of Thailand foresees inflation of 1.2% in 2017 and 1.9% in 2018. FocusEconomics Consensus Forecast panelists expect inflation of 1.5% on average in 2017, which is unchanged from last month’s forecast. For 2018, panelists predict average inflation of 1.9%.

Author: Marlène Rump, Senior Data Analyst

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Thailand Inflation Chart

Thailand Inflation April 2017

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

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