Thailand Inflation November 2021


Thailand: Inflation comes in at highest level since April in November

December 4, 2021

Consumer prices rose 0.28% over the previous month in November, which was below the 0.74% increase recorded in October. November's result marked the weakest reading since August. The cooling of price pressures was largely driven by slower growth in prices for food and non-alcoholic beverages.

Inflation came in at 2.7% in November, up from October’s 2.4%. November's figure was the highest inflation rate since April. As such, the trend pointed up mildly, with annual average inflation coming in at 1.0% in November (October: 0.8%). Finally, core inflation ticked up to 0.3% in November, from the previous month's 0.2%.

FocusEconomics Consensus Forecast panelists see inflation averaging 1.3% in 2022, which is up 0.1 percentage points from last month’s forecast, while in 2023 panelists predict average inflation of 1.3%.

Author:, Economist

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Thailand Inflation Chart

Thailand Inflation November 2021

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

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