Inflation in Thailand

Thailand Inflation | Economic News & Forecasts

Thailand - Inflation

Inflation drops below target range in June

Thai consumer prices dropped 0.36% month-on-month in June, swinging from a 0.48% increase in the prior month. The fall in consumer prices reflected noticeably cheaper transportation and communication costs, as well as cheaper raw food and energy.

Inflation, meanwhile, eased to 0.9% in June from 1.1% in May, dropping below the Central bank’s 1.0%–4.0% target range for the first time since last December, and core inflation was stable at May’s 0.5% in June.

Going forward, FocusEconomics Consensus Forecast panelist see inflation picking up slightly but remaining relatively muted. The panel expects inflation to average 1.1% in 2019, which is unchanged from last month’s forecast. For 2020, panelists predict average inflation of 1.4%. The Bank of Thailand, meanwhile, foresees inflation averaging 1.0% in both 2019 and 2020.

Thailand - Inflation Data

2013  2014  2015  2016  2017  
Inflation Rate (CPI, annual variation in %)2.2  1.9  -0.9  0.2  0.7  

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Thailand Inflation Chart

Thailand Inflation
Note: Annual variation of consumer price index (CPI) in %.
Source: Bureau of Trade and Economics and FocusEconomics calculations.

Thailand Facts

Bond Yield1.970.0 %Jul 11
Exchange Rate30.570.17 %Jul 11
Stock Market1,740-1.41 %Jul 11

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