Producer Prices in Thailand
Thailand - Producer Prices
Inflation picks up pace in August
Consumer prices increased 0.11% month-on-month in August, contrasting last month’s decrease (July: -0.13% month-on-month). August’s print was driven by higher prices for transportation and communication, raw food and energy, and apparel and footwear, which offset lower prices for food and non-alcoholic beverages and medical and personal care. Core consumer price inflation, which excludes energy and fresh food, came in at 0.05%, which is slightly below last month’s reading of 0.08%.
Inflation rose to 0.3% in August from 0.2% in July. Although it climbed again, inflation is far below the Central Bank’s target range of 1.0%–4.0% for the sixth consecutive month. Furthermore, core inflation remained steady for the fifth consecutive month at 0.5%. While trade data indicates a fairly robust domestic market, subsidies and state price controls have confined inflation. August’s result should allow the Central Bank to keep interest rates low at its next policy meeting scheduled for 27 September.
The Bank of Thailand foresees inflation of 0.8% in 2017 and 1.6% in 2018. FocusEconomics Consensus Forecast panelists expect inflation of 0.9% on average in 2017, which is down 0.1 percentage points from last month’s forecast. For 2018, panelists predict average inflation of 1.5%.
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||2.33||0.0 %||Sep 21|
|Exchange Rate||33.08||0.14 %||Sep 21|
|Stock Market||1,670||-0.01 %||Sep 21|
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September 2, 2017
Consumer prices increased 0.11% month-on-month in August, contrasting last month’s decrease (July: -0.13% month-on-month).
August 31, 2017
A month-on-month comparison showed that manufacturing output increased 1.1% in July, contrasting last month’s revised 0.9% decrease (previously reported: -3.1% month-on-month).
August 23, 2017
Thailand’s external sector again failed to beat market expectations as the pace of export growth slowed in July, leading to the first monthly trade deficit in over two years.
August 21, 2017
Thailand’s economy expanded a healthy 3.7% year-on-year in Q2—the fastest acceleration in over four years—supported by an expansion in government spending as well as impressive export growth.
August 16, 2017
At its 16 August 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.