Thailand Inflation October 2018


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:, Economist

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Thailand Inflation Chart

Thailand Inflation October 2018

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

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