Thailand Inflation July 2022

Thailand

Thailand: Inflation decreases in July

August 8, 2022

Consumer prices fell 0.16% in July over the previous month, contrasting the 0.90% increase logged in June. July's result marked the weakest reading since December 2021.

Inflation eased to 7.6% in July, following June’s 7.7%. Annual average inflation rose to 4.2% in July (June: 3.6%). Lastly, core inflation rose to 3.0% in July, from the previous month's 2.5%.

FocusEconomics Consensus Forecast panelists project inflation to average 5.3% in 2022, up 0.6 percentage points from last month’s forecast, while for 2023, panelists project average inflation of 2.1%.


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