Thailand Inflation March 2019

Thailand

Thailand: Inflation returns to target in March

April 4, 2019

Consumer prices rose 0.41% in March over the previous month (February: 0.24% month-on-month) due to higher prices for food and non-alcoholic beverages; housing and furnishing; and transport and communication.

Inflation picked up to 1.2% in March, up from 0.7% in February and returning to the Central Bank’s 1.0%–4.0% target range. Lastly, core inflation, which excludes raw food and energy, was stable at February’s 0.6% in March.

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 1.5%.


Author:, Economist

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Thailand Inflation Chart


Thailand Inflation March 2019

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


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