Thailand Inflation November 2018


Thailand: Inflation drops below Central Bank target range in November

December 3, 2018

Consumer prices dropped 0.22% over the previous month in November, contrasting the 0.06% price increase in October. The print reflected cheaper prices for transportation and communication; non-food and beverages; and raw food and energy.

Inflation moderated to 0.9% in November from 1.2% in October, just below the Bank of Thailand’s 1.0%–4.0% target range. Lastly, core inflation, which excludes raw food and energy inched down from 0.8% in October to 0.7% in November.

The Bank of Thailand sees inflation at 1.1% in 2019. FocusEconomics Consensus Forecast panelists expect inflation to average 1.5% in 2019, which is unchanged from last month’s forecast. For 2020, panelists predict average inflation of 1.7%.

Author:, Economist

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Thailand Inflation Chart

Thailand Inflation November 2018

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

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