Producer Prices in Thailand
Thailand - Producer Prices
In April, inflation reaches Central Bank’s target range for the first time in five months
In April, consumer prices in Thailand increased 0.45% over the previous month, contrasting the 0.09% drop in prices seen in March. The increase was driven by higher prices for virtually all sub-categories. Price increases in the food and non-alcoholic beverages, and non-food and beverages groups had the biggest impact on the consumer price index movement; prices for recreation and education were, meanwhile, unchanged.
Inflation in April increased to 1.1%, up from the prior month’s 0.8%. The result overshot market expectations and marked the first time in five months inflation was within the Bank of Thailand’s target range of 1.0%–4.0%. Core inflation, meanwhile, was unchanged at 0.6%.
Thailand Inflation Forecast
The Bank of Thailand now foresees inflation of 1.0% in 2018 and 1.2% in 2019. FocusEconomics Consensus Forecast panelists expect inflation to average 1.3% in 2018, which is down 0.1 percentage points from last month’s forecast. For 2019, panelists predict average inflation of 1.5%.
Thailand - Producer Prices Data
|Inflation (PPI, annual variation in %)||0.3||0.1||-||-||-|
5 years of economic forecasts for more than 30 economic indicators.
|Bond Yield||2.72||0.0 %||May 21|
|Exchange Rate||32.16||0.17 %||May 21|
|Stock Market||1,768||-1.41 %||May 21|
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May 16, 2018
At its 16 May meeting, the Monetary Policy Committee of the Bank of Thailand (BoT) unanimously opted to maintain the one-day repurchase rate at 1.50%.
May 2, 2018
In April, consumer prices in Thailand increased 0.45% over the previous month, contrasting the 0.09% drop in prices seen in March.
April 30, 2018
In the final month of the first quarter, industrial output growth moderated from 4.6% year-on-year in February to 2.6%.
April 23, 2018
In the final month of the first quarter, Thailand’s important external sector recorded its biggest trade surplus in four months, despite a stronger-than-expected moderation in export growth.
April 2, 2018
Consumer prices in Thailand dropped 0.09% over the previous month in March, a softer contraction compared to the 0.23% month-on-month decrease in February.