Inflation in Thailand
Thailand - Inflation
Inflation jumps in February
Consumer prices rose 0.24% in February over the previous month (January: -0.02% month-on-month) on higher prices for transportation and communication; non-food and beverages; and raw food and energy, while prices for food and non-alcoholic beverages increased at a softer pace in February compared to January.
Inflation more than doubled from 0.3% in January to 0.7% in February, but remained below the Bank of Thailand’s 1.0%–4.0% target range. Lastly, core inflation, which excludes raw food and energy, edged down from 0.7% in January to 0.6% in February.
Thailand Inflation Forecast
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%.
Thailand - Inflation Data
| 2013 | 2014 | 2015 | 2016 | 2017 | |
|---|---|---|---|---|---|
| Inflation Rate (CPI, annual variation in %) | 2.2 | 1.9 | -0.9 | 0.2 | 0.7 |
Thailand Inflation Chart
Source: Bureau of Trade and Economics and FocusEconomics calculations.
Thailand Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 2.52 | 0.0 % | Mar 11 |
| Exchange Rate | 31.66 | 0.17 % | Mar 11 |
| Stock Market | 1,627 | -1.41 % | Mar 11 |
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Economic News
Thailand: Prime Minister Prayut Chan-o-cha expected to hold on to power in first election since 2014
March 18, 2019
Thailand is scheduled to hold a general election on 24 March and the military is likely to maintain significant influence over politics following the vote.
Thailand: Inflation jumps in February
March 4, 2019
Consumer prices rose 0.24% in February over the previous month (January: -0.02% month-on-month) on higher prices for transportation and communication; non-food and beverages; and raw food and energy, while prices for food and non-alcoholic beverages increased at a softer pace in February compared to January. Inflation more than doubled from 0.3% in January to 0.7% in February, but remained below the Bank of Thailand’s 1.0%–4.0% target range.
Thailand: Growth in manufacturing output eases markedly in January
February 28, 2019
Manufacturing output grew a meager 0.2% year-on-year in January, down from a revised 1.2% expansion in December (previously reported: +0.8% year-on-year).
Thailand: Trade balance swings into red in January
February 21, 2019
The external sector got off to a false start in the new year, with the trade balance swinging from a USD 1.1 billion surplus in December to a USD 4.0 billion deficit in January.
Thailand: Economic growth picks up steam in the final quarter of 2018
February 18, 2019
The Thai economy shifted into a higher gear in the fourth quarter of last year.
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