Producer Prices in Thailand
Thailand - Producer Prices
Inflation remains below target at the outset of 2018
Consumer prices in Thailand increased 0.07% over the previous month in January, contrasting a 0.08% decrease in December. The marginal jump in consumer prices was chiefly driven by higher prices for non-food and beverages, and food and non-alcoholic beverages, as well as for transportation and communication, and housing and furnishing.
Inflation eased from 0.8% in December to 0.7% in January, slightly above market expectations of a stronger moderation. As a result, inflation remained below the Central Bank’s target range of 1.0%–4.0%. Core inflation, meanwhile, remained steady at the previous month’s 0.6% in January. As inflation has proved elusive during 2017 and at the start of the new year, it is expected that the Bank of Thailand will maintain its accommodative monetary policy at its 14 February meeting.
Thailand Inflation Forecast
The Bank of Thailand now sees inflation of 1.1% in 2018. FocusEconomics Consensus Forecast panelists expect inflation of 1.5% on average in 2018, which is up 0.1 percentage points from last month’s forecast. For 2019, panelists predict average inflation of 1.8%.
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||2.44||0.0 %||Feb 22|
|Exchange Rate||31.56||0.17 %||Feb 22|
|Stock Market||1,789||-1.41 %||Feb 22|
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February 21, 2018
Thailand recorded a USD 120 million deficit in January, swinging from the USD 830 million surplus registered in the same month of last year but notably above the USD 280 million deficit clocked in December 2017.
Thailand: Despite slowdown in the final quarter, the economy grew at fastest clip in 2017 in five years
February 19, 2018
The momentum in the Thai economy slowed somewhat in the final quarter of 2017.
February 15, 2018
At its 15 February monetary policy meeting, the Bank of Thailand (BoT) unanimously decided to keep the one-day repurchase rate at 1.50%, where it has been for over two years.
February 1, 2018
Consumer prices in Thailand increased 0.07% over the previous month in January, contrasting a 0.08% decrease in December.
January 31, 2018
Manufacturing output expanded 2.3% annually in December, down from November’s revised 4.1% jump (previously reported: +4.3% year-on-year).