Producer Prices in Thailand
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
|Inflation (PPI, annual variation in %)||1.0||0.3||0.1||-||-|
5 years of economic forecasts for more than 30 economic indicators.
|Bond Yield||2.39||0.0 %||Nov 17|
|Exchange Rate||32.83||0.17 %||Nov 17|
|Stock Market||1,709||-1.41 %||Nov 17|
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November 20, 2017
Economic growth again stepped up in the third quarter, expanding a robust 4.3% year-on-year, the quickest acceleration since Q1 2013.
November 8, 2017
At its 8 November monetary policy meeting, the Bank of Thailand (BoT) unanimously voted to uphold the one-day repurchase rate at 1.50%, where it has been for over two years.
November 2, 2017
Consumer prices in Thailand increased 0.16% over the previous month in October, down from a 0.58% increase in September.
October 31, 2017
Manufacturing output increased 4.2% in annual terms in September, matching the previous month’s revised print (previously reported: +3.7% year-on-year) and overshooting market expectations of a more modest pace of growth.
Thailand: Export growth beats market expectations in September, despite ongoing worries over the strength of the currency
October 31, 2017
Thailand’s external sector recorded a USD 3.4 billion surplus in September, coming in ahead of the surplus registered in the same month a year ago.