Thailand Inflation July 2016

Thailand

Thailand: Inflation eases further in July

August 2, 2016

In July, consumer prices decreased 0.35% over the previous month, which contrasted the 0.03% increase observed in the previous month and marked the lowest reading in seven months. According to the Ministry of Commerce, July’s decrease mainly resulted from lower prices for food and non-alcoholic beverages.

Inflation decreased from 0.4% in June to 0.1% in July. Inflation remains well below the Central Bank’s tolerance margin of plus/minus 1.5 percentage points around its target of 2.5%. Core consumer prices, which exclude prices for energy and fresh food, increased 0.06% over the previous month, thus coming in slightly below the 0.08% increase seen in the previous month. Core inflation was stable at June’s 0.8% in July.

FocusEconomics Consensus Forecast panelists expect consumer prices to increase 0.6% on average in 2016, which is up 0.1 percentage points from last month’s Consensus. For 2017, panelists see average inflation at 2.0%.


Author:, Senior Economist

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Thailand Inflation Chart


Thailand Inflation July 2016

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


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