A beach town in Thailand

Thailand Inflation February 2020

Thailand: Inflation drops below target in February

Thai consumer prices fell 0.08% month-on-month in February, contrasting the 0.16% increase in January. The print reflected lower prices for transportation and communication, which more than offset a rise in the price levels of food and non-alcoholic beverages; prepared food; and housing and furnishing.

Meanwhile, inflation moderated to 0.7% in February from 1.1% in the prior month, falling below the Bank of Thailand’s 1.0%–3.0% target range. Annual average inflation was stable at January’s 0.8% in February, while core inflation, which excludes raw food and energy, edged up to 0.6% from 0.5%.

Looking ahead, inflation is expected to average below the Central Bank’s target range this year. Low inflation, coupled with the effects of the coronavirus outbreak on domestic economic activity, could prompt the Central Bank to ease monetary policy further in 2020.

Free sample report

Access essential information in the shortest time possible. FocusEconomics provide hundreds of consensus forecast reports from the most reputable economic research authorities in the world.
Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest