Thailand Inflation May 2019


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.

Inflation inched down from 1.2% in April to 1.1% in May; while remaining with in the Central Bank’s target range 1.0%–4.0% target range, it edged closer to the lower bound. Core inflation, meanwhile, inched down to 0.5% in May from 0.6% in April.

The Bank of Thailand sees inflation at 1.0% in 2019. FocusEconomics Consensus Forecast panelists expect inflation to average 1.1% in 2019, which is unchanged from last month’s forecast. For 2020, panelists predict average inflation of 1.4%.

Author:, Economist

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Thailand Inflation Chart

Thailand Inflation May 2019

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

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