Thailand Inflation

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Thailand: Inflation eases in June

July 3, 2014

In June, consumer prices fell 0.10% over the previous month, which contrasted the 0.40% increase tallied in May. The reading marked the fastest decrease since November 2012. According to the Ministry of Commerce, June’s fall resulted from lower prices for food and non-alcoholic beverages.

Annual headline inflation fell from 2.6% in May to 2.4% in June. The result undershot market expectations of the inflation rate remaining stable at 2.6%.

Core consumer prices, which exclude prices for energy and fresh food prices, rose 0.05% over the previous month (May: +0.13% month-on-month). In addition, annual core inflation inched down to 1.7% (May: 1.8% year-on-year). Core inflation is still within the Central Bank’s target range of 0.5%–3.0%.

The Bank of Thailand projects that inflation will average 2.6% in 2014 and2.5% in 2015. FocusEconomics Consensus Forecast panelists also expect inflation to average 2.4% in 2014, which is unchanged from last month’s Consensus. For 2015, panelists see average inflation at 2.8%.


Author:, Senior Economist

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Thailand Inflation Chart


Thailand Inflation June 2014 0

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


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