Thailand Inflation September 2016


Thailand: Inflation increases moderately in September

October 4, 2016

In September, consumer prices inched up 0.04% from the previous month, which contrasted the 0.04% decrease observed in August and overshot market expectations of a 0.1% increase. According to the Ministry of Commerce, September’s increase mainly resulted from higher prices for vehicles, transportation and energy.

Inflation climbed from 0.3% in August to 0.4% in September. Nonetheless, inflation remains well below the Central Bank’s lower tolerance limit of 1.0%.

Core consumer prices, which exclude prices for energy and fresh food, increased 0.02% over the previous month, coming in below the 0.07% increase seen in August. Core inflation was stable at August’s 0.8% in September.

The Bank of Thailand foresees average inflation rates of 0.3% in 2016 and 2.0% in 2017. FocusEconomics Consensus Forecast panelists expect consumer prices to increase 0.5% on average in 2016, which unchanged from last month’s Consensus. For 2017, panelists see average inflation at 1.9%.

Author: Marlène Rump, Senior Data Analyst

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Thailand Inflation Chart

Thailand Inflation September 2016

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

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