Inflation in Thailand
Thailand - Inflation
Consumer prices continue to fall in August
Consumer prices rose 0.29% over the previous month in August, which was below the 0.66% rise seen in July. August's result marked the softest rise in prices since May. Looking at the details of the release, prices for food and non-alcoholic beverages increased in August. In contrast, prices for housing and furnishing dropped after growing in the previous month.
Consumer prices declined 0.5% year-on-year in August, a smaller drop than July’s 1.0% fall. August's result was the smallest drop in consumer prices since February. Meanwhile, the trend pointed down mildly, with the annual average variation of consumer prices coming in at minus 0.6% in August (July: -0.5%). Core inflation edged down to 0.3% from July’s 0.4%.
FocusEconomics Consensus Forecast panelists see consumer prices falling 1.2% in 2020, which is unchanged from last month’s forecast. For 2021, panelists predict average inflation of 0.8%.
Thailand - Inflation Data
| 2015 | 2016 | 2017 | 2018 | 2019 | |
|---|---|---|---|---|---|
| Inflation Rate (CPI, annual variation in %) | -0.9 | 0.2 | 0.7 | 1.1 | 0.7 |
Thailand Inflation Chart
Source: Bureau of Trade and Economics and FocusEconomics calculations.
Thailand Facts
| Value | Change | Date | |
|---|---|---|---|
| Exchange Rate | 30.11 | 0.17 % | Dec 30 |
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Economic News
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Thailand: Consumer prices continue to fall in August
September 3, 2020
Consumer prices rose 0.29% over the previous month in August, which was below the 0.66% rise seen in July.
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Thailand: Manufacturing production eases in July
August 28, 2020
On an annual basis, manufacturing production dived 14.7% in July, although this was notably better than June’s 17.8% fall.
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Thailand: Merchandise exports contract at softer rate in July
August 24, 2020
Merchandise exports fell 11.4% over the same month last year in July, softening from June’s 23.2% dive.
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Thailand: Economy records sharpest contraction since 1998 in Q2
August 17, 2020
GDP declined at a more pronounced pace of 12.2% year-on-year in the second quarter, below the 2.0% contraction recorded in the first quarter.
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Thailand: Consumer prices fall at milder rate in annual terms in July
August 6, 2020
Consumer prices increased 0.66% in July over the previous month, slowing from June's 1.56% rise.
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