Inflation in Thailand
Thailand - Inflation
Inflation falls back below target range in December
Consumer prices in Thailand decreased 0.08% over the previous month in December, contrasting a 0.07% increase in November. The marginal drop in consumer prices was chiefly driven by lower prices for food and non-alcoholic beverages, and raw food and energy.
Inflation eased from 1.0% in November to 0.8% in December, below market expectations of a stable reading. As a result, inflation came in below the Central Bank’s target range of 1.0%–4.0%, where it had been for most of 2017. Core inflation, meanwhile, remained steady at the previous month’s 0.6% in December. The Bank of Thailand is likely to maintain its accommodative monetary policy at its 14 February meeting; inflation has proved elusive over the past year despite a pick-up in the domestic economy.
The Bank of Thailand now sees inflation of 1.1% in 2018. FocusEconomics Consensus Forecast panelists expect inflation of 1.5% on average in 2018, which is up 0.1 percentage points from last month’s forecast. For 2019, panelists predict average inflation of 1.8%.
Thailand - Inflation Data
|Inflation Rate (CPI, annual variation in %)||3.0||2.2||1.9||-0.9||0.2|
5 years of economic forecasts for more than 30 economic indicators.
Thailand Inflation Chart
Source: Bureau of Trade and Economics and FocusEconomics calculations.
|Bond Yield||2.37||0.0 %||Dec 06|
|Exchange Rate||32.57||0.17 %||Dec 06|
|Stock Market||1,694||-1.41 %||Dec 06|
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January 1, 2018
Consumer prices in Thailand decreased 0.08% over the previous month in December, contrasting a 0.07% increase in November.
December 29, 2017
Manufacturing output jumped 4.2% in November in annual terms, sharply contrasting the previous month’s revised 0.3% contraction (previously reported: -0.1% year-on-year).
December 29, 2017
Thailand’s external sector recorded a USD 1.8 billion surplus in November, coming in slightly above the USD 1.6 billion surplus registered in the same month a year ago and significantly higher than the USD 0.2 billion surplus in October.
December 20, 2017
At its 20 December monetary policy meeting, the Bank of Thailand (BoT) unanimously voted to maintain the one-day repurchase rate at 1.50%, where it has been for over two years.
December 1, 2017
Consumer prices in Thailand increased 0.07% over the previous month in November, down from a 0.16% increase in October.