Producer Prices in Thailand

Thailand Producer Prices | Economic News & Forecasts

Thailand - Producer Prices

Inflation steady in October

Consumer prices in Thailand increased 0.16% over the previous month in October, down from a 0.58% increase in September. The rise in consumer prices was chiefly driven by higher prices for food and non-alcoholic beverages and non-food and beverages. The increase in consumer prices was sufficiently broad-based, as nearly all subgroups recorded higher prices in October.

Inflation was steady at the previous month’s result of 0.9% in October, slightly above market expectations of 0.8% inflation. As a result, inflation remained just below the lower band of the Central Bank’s 1.0%–4.0% target range for the eighth consecutive month. Core inflation, meanwhile, inched up for the first time in seven months in October to 0.6%. Despite inflation remaining below target, the Bank of Thailand is likely to keep its monetary policy unchanged when it meets on 8 November, as recent trade data indicates a fairly robust domestic market with economic activity picking up pace.

The Bank of Thailand now sees inflation of 1.2% in 2018. FocusEconomics Consensus Forecast panelists expect inflation of 1.5% on average in 2018, which is unchanged from last month’s forecast. For 2019, panelists predict average inflation of 1.9%.

Thailand - Producer Prices Data

2012  2013  2014  2015  2016  
Inflation (PPI, annual variation in %)1.0  0.3  0.1  -     -     

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Thailand Facts

Bond Yield2.390.0 %Nov 17
Exchange Rate32.830.17 %Nov 17
Stock Market1,709-1.41 %Nov 17

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