Thailand Inflation

Thailand

Thailand: Inflation inches down to lowest level in nine months in September

October 2, 2014

In September, consumer prices fell 0.17% over the previous month, which followed the 0.08% decrease tallied in August and marked the fastest decrease since November 2012. According to the Ministry of Commerce, September’s decline resulted from lower prices for food and non-alcoholic beverages, as well as for transportation.

Annual headline inflation inched down from 2.1% in August to 1.8% in September, which marked the lowest rate in nine months. The result undershot market expectations of the inflation rate inching down to 2.0%. The drop in the inflation rate reflects the effort of the military government to keep prices under control in order to preserve purchasing power and support private consumption.

Core consumer prices, which exclude prices for energy and fresh foods, fell 0.01% over the previous month (August: -0.09% month-on-month). In addition, annual core inflation inched down from 1.8% in August to 1.7% in September. Core inflation is still within the Central Bank’s target range of 0.5%–3.0%.

The Bank of Thailand projects that inflation will average 2.6% in 2014 and 2.5% in 2015. FocusEconomics Consensus Forecast panelists expect inflation to average 2.4% in 2014, which is unchanged from last month’s Consensus. For 2015, panelists see average inflation at 2.8%.


Author:, Senior Economist

Sample Report

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

Download

Thailand Inflation Chart


Thailand Inflation September 2014

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