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
| 2015 | 2016 | 2017 | 2018 | 2019 | |
|---|---|---|---|---|---|
| Inflation Rate (CPI, annual variation in %, eop) | -0.9 | 1.1 | 0.8 | 0.4 | 0.9 |
Thailand Inflation (eop) 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: Manufacturing production eases in August
September 30, 2020
Manufacturing production grew 3.3% month-on-month in seasonally-adjusted terms in August (July: +6.3% mom).
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Thailand: Central Bank rate maintained at record low in September
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.
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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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