Inflation in Thailand
Thailand - Inflation
Inflation drops below target range in June
Thai consumer prices dropped 0.36% month-on-month in June, swinging from a 0.48% increase in the prior month. The fall in consumer prices reflected noticeably cheaper transportation and communication costs, as well as cheaper raw food and energy.
Inflation, meanwhile, eased to 0.9% in June from 1.1% in May, dropping below the Central bank’s 1.0%–4.0% target range for the first time since last December, and core inflation was stable at May’s 0.5% in June.
Going forward, FocusEconomics Consensus Forecast panelist see inflation picking up slightly but remaining relatively muted. The panel expects inflation to average 1.1% in 2019, which is unchanged from last month’s forecast. For 2020, panelists predict average inflation of 1.4%. The Bank of Thailand, meanwhile, foresees inflation averaging 1.0% in both 2019 and 2020.
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 | 1.97 | 0.0 % | Jul 11 |
| Exchange Rate | 30.57 | 0.17 % | Jul 11 |
| Stock Market | 1,740 | -1.41 % | Jul 11 |
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Economic News
Thailand: Inflation drops below target range in June
July 4, 2019
Thai consumer prices dropped 0.36% month-on-month in June, swinging from a 0.48% increase in the prior month.
Thailand: Exports continue to falter in May
June 28, 2019
In May, Thailand recorded a small trade surplus of USD 0.2 billion, contrasting the USD 1.5 billion shortfall in April.
Thailand: Manufacturing output drops at sharpest rate in nearly five years in May
June 28, 2019
Thai manufacturing output fell 4.0% year-on-year in May, swinging from a revised 1.5% expansion in April (previously reported: +2.0% year-on-year).
Thailand: Bank of Thailand stands pat in June
June 26, 2019
In a unanimous vote at its 26 June meeting, the Monetary Policy Committee of the Bank of Thailand stood pat and left the policy rate unchanged at 1.75%. The decision reflected unchanged inflation expectations from the prior meeting, although the Bank expects economic momentum to wane somewhat this year amid a harsher external environment affecting exports.
Thailand: Inflation inches down in May
June 4, 2019
Consumer prices increased 0.48% month-on-month in May, up from the prior month’s 0.44% rise, reflective on noticeable price increases for food and non-alcoholic beverages, while transportation and communication costs also rose albeit at a softer pace than in the prior month.
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