Thailand Inflation

Thailand

Thailand: Inflation remains steady in May

June 1, 2012

In May, consumer prices added 0.39% over the previous month, which followed a 0.42% increase in April. The monthly rise was the result of higher prices for food and non-alcoholic beverages. Meanwhile, annual headline inflation remained stable at April's 2.5%, which marks the lowest level since November 2009. The core inflation index, which does not include more volatile categories such as fresh food and fuel, rose 0.29% over the previous month, up from the 0.10% increase observed in April. Annual core inflation inched down from 2.1% in April to 2.0% in May, thereby remaining well below the upper limit of the Central Bank's 0.5%-3.0% target range. Annual average inflation fell to 3.6% in May from 3.8% in April. The Bank of Thailand expects inflation to average 3.5% both this year and next.


Author:, Senior Economist

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Thailand Inflation May 2012

Note: Month-on-month and year-on-year changes of consumer price index in %.
Source: Bureau of Trade and Economics (BTE) and FocusEconomics calculations.


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