Producer Prices in Thailand

Thailand Producer Prices | Economic News & Forecasts

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

2013  2014  2015  2016  2017  
Inflation (PPI, annual variation in %)0.3  0.1  -4.1  -1.2  0.7  

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Thailand Facts

ValueChangeDate
Bond Yield2.630.0 %Aug 15
Exchange Rate33.290.17 %Aug 15
Stock Market1,676-1.41 %Aug 15

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