Inflation in Thailand
Thailand - Inflation
Inflation jumps in March but remains below Central Bank’s target range
Consumer prices in Thailand dropped 0.09% over the previous month in March, a softer contraction compared to the 0.23% month-on-month decrease in February. The fall in consumer prices came chiefly on the back of lower prices for food and non-alcoholic beverages, and raw food and energy, which offset a slight increase in housing and furnishing prices.
Inflation jumped in March, rising 0.8% and doubling the result seen in the prior month. Inflation is still below the target range of 1.0%-4.0% set by the Bank of Thailand. The result was also slightly below market expectations of 0.9%. Core inflation, meanwhile, was steady for the fourth consecutive month at 0.6%.
Thailand Inflation Forecast
The Bank of Thailand now foresees inflation of 1.1% in 2018. FocusEconomics Consensus Forecast panelists expect inflation of 1.4% on average in 2018, which is unchanged from last month’s forecast. For 2019, panelists predict average inflation of 1.6%.
Thailand - Inflation Data
| 2012 | 2013 | 2014 | 2015 | 2016 | |
|---|---|---|---|---|---|
| Inflation Rate (CPI, annual variation in %) | 3.0 | 2.2 | - | - | - |
Thailand Inflation Chart
Source: Bureau of Trade and Economics and FocusEconomics calculations.
Thailand Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 2.45 | 0.0 % | Apr 19 |
| Bond Yield | 2.45 | 0.0 % | Apr 19 |
| Exchange Rate | 31.19 | 0.17 % | Apr 19 |
| Exchange Rate | 31.19 | 0.17 % | Apr 19 |
| Stock Market | 1,795 | -1.41 % | Apr 19 |
| Stock Market | 1,795 | -1.41 % | Apr 19 |
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Economic News
Thailand: Inflation jumps in March but remains below Central Bank’s target range
April 2, 2018
Consumer prices in Thailand dropped 0.09% over the previous month in March, a softer contraction compared to the 0.23% month-on-month decrease in February.
Thailand: Manufacturing output growth remains strong in February
March 30, 2018
Manufacturing output expanded 4.7% year-on-year in February, which matched the revised 4.7% annual growth recorded in the prior month (previously reported: +3.4% year-on-year) and surprised markets on the upside.
Thailand: Export growth picks up as trade balance returns to positive territory in February
March 23, 2018
In February, export growth came down from the prior month’s multi-year high, but beat expectations.
Thailand: Inflation moderates again in February
March 2, 2018
Consumer prices in Thailand dropped 0.23% over the previous month in February, contrasting a 0.07% month-on-month increase in January.
Thailand: Manufacturing output picks up steam in January
February 28, 2018
Manufacturing output expanded 3.4% in January on an annual basis, up from December’s 2.3% expansion.
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