Thailand Inflation May 2017


Thailand: Inflation flat in May

June 2, 2017

In May, consumer prices increased 0.15% on a month-on-month basis, virtually matching April’s 0.16% increase. Core consumer prices, which exclude energy and fresh food, increased 0.01% in May compared to the previous month (April: +0.02% month-on-month).

Inflation was flat in May, below April’s 0.4% and also below market analysts’ forecast of a milder deceleration to 0.2%. The reading, a 14-month low, was thus further below the Central Bank’s target band of 1.0%-4.0%. Core inflation was steady at 0.5% in May.

The Bank of Thailand foresees inflation of 1.2% in 2017 and 1.9% in 2018. FocusEconomics Consensus Forecast panelists expect inflation of 1.3% on average in 2017, which is unchanged from last month’s forecast. For 2018, panelists predict average inflation of 1.7%.

Author: Marlène Rump, Senior Data Analyst

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Thailand Inflation Chart

Thailand Inflation May 2017

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

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