Inflation in Thailand
Thailand - Inflation (end of period)
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 (eop) Data
|Inflation Rate (CPI, annual variation in %, eop)||-0.9||1.1||0.8||0.4||0.9|
5 years of economic forecasts for more than 30 economic indicators.
Thailand Inflation (eop) Chart
Source: Bureau of Trade and Economics and FocusEconomics calculations.
|Exchange Rate||30.11||0.17 %||Dec 30|
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September 30, 2020
Manufacturing production grew 3.3% month-on-month in seasonally-adjusted terms in August (July: +6.3% mom).
September 23, 2020
At its 23 September meeting, the Monetary Policy Committee of the Bank of Thailand (BoT) held the policy rate at a record low of 0.50%, having cut the rate by 75 basis points since the start of the year.
September 3, 2020
Consumer prices rose 0.29% over the previous month in August, which was below the 0.66% rise seen 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.
August 24, 2020
Merchandise exports fell 11.4% over the same month last year in July, softening from June’s 23.2% dive.