Thailand: Inflation edges down in October
November 5, 2018
Consumer prices inched up 0.06% over the previous month in October, down from the 0.29% price increase in September. The result reflected slight upticks in the prices for food and non-alcoholic beverages; and transportation and communication.
Inflation edged down from 1.3% in September to 1.2% in October, remaining within the Bank of Thailand’s 1.0%–4.0% target range but marginally below market expectations of a stable reading. Lastly, core inflation, which excludes raw food and energy, dipped from 0.8% in September to 0.7% in October.
Thailand Inflation Forecast
The Bank of Thailand sees inflation at 1.2% 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: Jan Lammersen, Economist