Thailand Inflation January 2019


Thailand: Inflation eases in January

February 4, 2019

Consumer prices fell 0.02% over the previous month in January, a markedly softer drop than December’s 0.65% decrease. The result came on the tails of higher prices for food and non-alcoholic beverages, and housing and furnishing, both of which were just offset by cheaper prices for transportation and communication, energy, and vehicles and vehicle operations.

Inflation eased from 0.4% in December to 0.3% in January, this marked the lowest reading in 17 months and inflation consequently remained far below the Bank of Thailand’s 1.0%–4.0% target range. Lastly, core inflation, which excludes raw food and energy, was stable at November’s 0.7% in January.

The Bank of Thailand sees inflation at 1.0% in 2019. FocusEconomics Consensus Forecast panelists expect inflation to average 1.4% in 2019, which is unchanged from last month’s forecast. For 2020, panelists predict average inflation of 1.6%.

Author:, Economist

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Thailand Inflation Chart

Thailand Inflation January 2019

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

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