Producer Prices in Thailand
Thailand - Producer Prices
Inflation edges up in July
Consumer prices decreased 0.05% over the previous month in July, a softer drop than the prior month’s 0.09% decrease. July’s print was primarily driven by lower prices for food and non-alcoholic beverages, which were partially offset by higher prices for energy.
Inflation picked up to 1.5% in July from 1.4% in June, moving closer to the midpoint of the Bank of Thailand’s 1.0%–4.0% target range. July’s result matched market expectations. Lastly, core inflation, which excludes raw food and energy, remained stable at the prior month’s reading of 0.8% in July.
The Bank of Thailand sees inflation at 1.1% in 2018 and 1.2% in 2019. FocusEconomics Consensus Forecast panelists expect inflation to average 1.3% in 2018, which is unchanged from last month’s forecast. For 2019, panelists predict average inflation of 1.6%.
Thailand - Producer Prices Data
|Inflation (PPI, annual variation in %)||0.3||0.1||-4.1||-1.2||0.7|
5 years of economic forecasts for more than 30 economic indicators.
|Bond Yield||2.63||0.0 %||Aug 15|
|Exchange Rate||33.29||0.17 %||Aug 15|
|Stock Market||1,676||-1.41 %||Aug 15|
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August 8, 2018
At the Monetary Policy Committee meeting of the Bank of Thailand (BoT), which was held on 8 August, the committee voted six-to-one to maintain the one-day repurchase rate at 1.50%.
August 1, 2018
Consumer prices decreased 0.05% over the previous month in July, a softer drop than the prior month’s 0.09% decrease.
July 31, 2018
Manufacturing output grew 4.7% year-on-year in June, which was above May’s revised 2.9% annual increase (previously reported: +3.2% year-on-year).
July 23, 2018
Thailand’s trade surplus grew to a seven-month high of USD 1.6 billion in June, up from the USD 1.2 billion surplus registered in May, primarily due to softer import growth.
June 29, 2018
In annual terms, manufacturing output grew 3.2% in May, up from the prior month’s revised 3.1% year-on-year growth rate (previously reported: +4.0% year-on-year).