Thailand Inflation January 2020


Thailand: Inflation returns to the target range in January

February 17, 2020

Consumer prices rose 0.16% month-on-month in January, up from December’s 0.01% rise. The print reflected higher prices for food and non-alcoholic beverages; housing and furnishing; and transportation.

Meanwhile, inflation increased to 1.1% in January from 0.9% in December, returning to the lower end of the Bank of Thailand’s new 1.0%–3.0% target range (previously: 1.0%-4.0%) for the first time in eight months, with annual average inflation edging up to 0.8% from 0.7% in December. Core inflation, which excludes raw food and energy, was stable at December’s 0.5% in January.

FocusEconomics Consensus Forecast panelist see inflation averaging 1.2% in 2020, which is unchanged from last month’s forecast. For 2021, panelists predict average inflation of 1.4%.

Author:, Economist

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Thailand Inflation Chart

Thailand Inflation January 20 20 0

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

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