Thailand: Inflation decelerates in March
April 3, 2017
In March, consumer prices in Thailand declined 0.46% on a month-on-month basis, contrasting the 0.04% increase recorded in February. Core consumer prices, which exclude energy and fresh food, increased 0.04% in March compared to the previous month (February: +0.02%).
Inflation came in at 0.8% in March, easing markedly from February’s 1.4% and also well below market analysts’ forecast of a milder deceleration to 1.3%. As a consequence, the reading was back below the Central Bank’s target band of 1.0%-4.0% after only three months within the range. Core inflation was steady at 0.6% in March.