Inflation in Thailand
Thailand - Inflation
Inflation stable in April at lower end of Central Bank’s target range
Consumer prices rose 0.44% in April over the previous month (March: 0.41% month-on-month) due to stronger price increases for food and non-alcoholic beverages, and apparel and footwear.
Inflation was stable at March’s 1.2% in April, remaining within the Central Bank’s 1.0%–4.0% target range for the second time after several months of undershooting. Lastly, core inflation, which excludes raw food and energy, was stable at March’s 0.6% in April.
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 | 2.46 | 0.0 % | May 13 |
| Exchange Rate | 31.59 | 0.17 % | May 13 |
| Stock Market | 1,640 | -1.41 % | May 13 |
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Economic News
Thailand: Inflation stable in April at lower end of Central Bank’s target range
May 16, 2019
Consumer prices rose 0.44% in April over the previous month (March: 0.41% month-on-month) due to stronger price increases for food and non-alcoholic beverages, and apparel and footwear. Inflation was stable at March’s 1.2% in April, remaining within the Central Bank’s 1.0%–4.0% target range for the second time after several months of undershooting.
Thailand: Bank of Thailand stands pat in May
May 8, 2019
In a unanimous vote at its 8 May meeting, the Monetary Policy Committee of the Bank of Thailand opted to leave the policy rate unaltered at 1.75% after the committee turned more dovish in the prior meeting.
Thailand: Manufacturing output drops in March
April 30, 2019
Manufacturing production fell 2.5% year-on-year in March, down from a revised 1.3% drop in the prior month (previously reported: -1.6% year-on-year).
Thailand: Exports drop in March, rounding off a weak first quarter
April 23, 2019
Thailand’s trade balance dropped from a USD 4.0 billion surplus in February to a USD 2.0 billion surplus in March; however, the 12-month moving sum of the trade balance increased to a USD 3.0 billion surplus from a surplus of USD 2.4 billion in February. In March, exports dropped 4.9% year-on-year while imports fell 7.6% year-on-year.
Thailand: Inflation returns to target in March
April 4, 2019
Consumer prices rose 0.41% in March over the previous month (February: 0.24% month-on-month) due to higher prices for food and non-alcoholic beverages; housing and furnishing; and transport and communication. Inflation picked up to 1.2% in March, up from 0.7% in February and returning to the Central Bank’s 1.0%–4.0% target range.
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