Thailand Inflation July 2018

Thailand

Thailand: Inflation edges up in July

August 1, 2018

Consumer prices decreased 0.05% over the previous month in July, a softer drop than the prior month’s 0.09% decrease. July’s print was primarily driven by lower prices for food and non-alcoholic beverages, which were partially offset by higher prices for energy.

Inflation picked up to 1.5% in July from 1.4% in June, moving closer to the midpoint of the Bank of Thailand’s 1.0%–4.0% target range. July’s result matched market expectations. Lastly, core inflation, which excludes raw food and energy, remained stable at the prior month’s reading of 0.8% in July.

The Bank of Thailand sees inflation at 1.1% in 2018 and 1.2% in 2019. FocusEconomics Consensus Forecast panelists expect inflation to average 1.3% in 2018, which is unchanged from last month’s forecast. For 2019, panelists predict average inflation of 1.6%.


Author:, Economist

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Thailand Inflation Chart


Thailand Inflation July 2018

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


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