Inflation in Thailand
Thailand - Inflation (end of period)
Inflation eases in September
Thai consumer prices increased 0.29% over the previous month in September, up slightly from August’s 0.26% rise. The uptick in prices was broad-based, with all categories registering higher prices in September. Food and non-alcoholic beverages; transportation and communication; and energy recorded particularly sharp price rises.
Inflation, meanwhile, decreased to 1.3% in September from 1.6% in August, partly due to a less favorable base effect, but remained within Bank of Thailand’s 1.0%–4.0% target range. The figure was in line with market expectations. Lastly, core inflation, which excludes raw food and energy, remained stable for the fifth consecutive month at 0.8% in September.
Thailand Inflation Forecast
The Bank of Thailand sees inflation at 1.1% in 2018 and 1.2% in 2019. FocusEconomics Consensus Forecast panelists expect inflation to average 1.2% in 2018, which is unchanged from last month’s forecast. For 2019, panelists predict average inflation of 1.5%, also unchanged from last month’s forecast.
Thailand - Inflation (eop) Data
| 2013 | 2014 | 2015 | 2016 | 2017 | |
|---|---|---|---|---|---|
| Inflation Rate (CPI, annual variation in %, eop) | 1.7 | 0.6 | -0.9 | 1.1 | 0.8 |
Thailand Inflation (eop) Chart
Source: Bureau of Trade and Economics and FocusEconomics calculations.
Thailand Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 2.75 | 0.0 % | Oct 12 |
| Exchange Rate | 32.65 | 0.17 % | Oct 12 |
| Stock Market | 1,696 | -1.41 % | Oct 12 |
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Economic News
Thailand: Inflation eases in September
October 1, 2018
Thai consumer prices increased 0.29% over the previous month in September, up slightly from August’s 0.26% rise.
Thailand: Thai manufacturing growth decelerates strongly in August
September 27, 2018
Manufacturing output growth slowed to 0.7% year-on-year in August, down noticeably from July’s upwardly revised 4.9% (previously reported: +4.6% year-on-year) and marking the weakest reading since April 2017.
Thailand: Thailand records another trade deficit in August, export growth eases
September 21, 2018
Thailand recorded a USD 588 million trade deficit in August, widening from July’s USD 516 million deficit (previously reported: USD 525 million deficit) and contrasting August 2017’s notable trade surplus.
Thailand: Central Bank stands pat in September but hints at future rate hikes
September 19, 2018
At its 19 September Monetary Policy Committee meeting, the Bank of Thailand opted to maintain the one-day repurchase rate at 1.50%, where it been for over three years.
Thailand: Inflation edges up in August
September 3, 2018
Consumer prices increased 0.26% over the previous month in August, contrasting July’s 0.05% decrease.
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