Inflation in Thailand
Thailand - Inflation
Inflation comes in just below target in December
Thai consumer prices were virtually unchanged in December over the prior month, as prices rose a meager 0.01% month-on-month. This contrasted the 0.13% decline registered in November. The marginal uptick reflected pricier housing and furnishing, and transportation and communication offsetting cheaper food and non-alcoholic beverages.
Meanwhile, inflationary pressures intensified but remained just below the Bank of Thailand’s target of 1.0%–4.0% as inflation came in at 0.9% in December, up from 0.2% in November. Core inflation, which excludes raw food and energy, was stable at November’s 0.5% in December.
Going forward, FocusEconomics Consensus Forecast panelist see inflation picking up slightly and returning to target; however, inflation is seen remaining relatively muted. The panel expects inflation to average 1.2% in 2020, which is unchanged from last month’s forecast. For 2021, panelists predict average inflation of 1.4%. The Bank of Thailand, meanwhile, foresees inflation averaging 1.0% in 2020.
Thailand - Inflation Data
|Inflation Rate (CPI, annual variation in %)||2.2||1.9||-0.9||0.2||0.7|
5 years of economic forecasts for more than 30 economic indicators.
Thailand Inflation Chart
Source: Bureau of Trade and Economics and FocusEconomics calculations.
|Exchange Rate||30.11||0.17 %||Dec 30|
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January 3, 2020
Thai consumer prices were virtually unchanged in December over the prior month, as prices rose a meager 0.01% month-on-month.
December 27, 2019
The manufacturing sector remained in a tough spot through November, with output falling 8.3% year-on-year, which was down from the revised 8.1% drop recorded in October (previously reported: -8.5% year-on-year) and marked the steepest fall in production since January 2014.
December 23, 2019
Thai exports dropped 7.4% year-on-year in November, down from the 4.5% fall recorded in October.
December 18, 2019
At its 18 December Monetary Policy Committee meeting, the Bank of Thailand opted to stand pat and keep its policy rate at 1.25%, after having cut rates by 25 basis points in the previous two meetings.
December 4, 2019
Consumer prices fell 0.13% month-on-month in Thailand in November, marginally up from the 0.16% monthly decrease in October.