Thailand Inflation January 2017

Thailand

Thailand: Inflation hits over two-year high in January

February 2, 2017

In January, consumer prices rose by 0.16% on a month-on-month basis, up from the 0.13% increase recorded in December. Core consumer prices, which exclude energy and fresh food, increased 0.52% in January compared to the previous month, well above December’s 0.01% rise.

Inflation came in at 1.6% in January (December: 1.1%), the highest result in 28 months. The reading was thus within the Central Bank’s target band of 1.0%-4.0% for the second consecutive month after over two years below the lower bound. Core inflation rose from 0.7% in December to 1.2% in January.

The Bank of Thailand foresees inflation of 1.5% in 2017. FocusEconomics Consensus Forecast panelists expect inflation of 1.6% on average in 2017, which is down 0.1 percentage points from last month’s forecast. For 2018, panelists predict average inflation of 2.0%.


Author: Marlène Rump, Senior Data Analyst

Sample Report

Looking for forecasts related to Inflation in Thailand? Download a sample report now.

Download

Thailand Inflation Chart


Thailand Inflation January 2017

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


Thailand Economic News

  • Thailand: Inflation inches down in May

    June 4, 2019

    Consumer prices increased 0.48% month-on-month in May, up from the prior month’s 0.44% rise, reflective on noticeable price increases for food and non-alcoholic beverages, while transportation and communication costs also rose albeit at a softer pace than in the prior month.

    Read more

  • Thailand: Manufacturing output rebounds in April

    May 28, 2019

    Manufacturing production rose 2.0% year-on-year in April, swinging from a revised 2.7% contraction in March (previously reported: -2.5% year-on-year).

    Read more

  • Thailand: Exports fall again in April

    May 23, 2019

    Thailand recorded a trade deficit of USD 1.5 billion in April, swinging from a USD 2.0 billion surplus in March; the 12-month moving sum of the trade balance narrowed from a USD 3.0 billion surplus in March to a USD 2.6 billion surplus.

    Read more

  • Thailand: Economic growth moderates to near five-year low in Q1

    May 21, 2019

    Economic growth decelerated to 2.8% year-on-year in the first quarter of 2019, down from the 3.6% annual expansion logged in Q4 last year and the lowest reading in nearly half a decade.

    Read more

  • Thailand: Inflation stable in April at lower end of Central Bank’s target range

    May 16, 2019

    Consumer prices rose 0.44% in April over the previous month (March: 0.41% month-on-month) due to stronger price increases for food and non-alcoholic beverages, and apparel and footwear. Inflation was stable at March’s 1.2% in April, remaining within the Central Bank’s 1.0%–4.0% target range for the second time after several months of undershooting.

    Read more

More news

Search form