Thailand's annual inflation rate rose to 1.05 percent in January 2020 from 0.87 percent in the previous month and above market consensus of 0.96 percent. This was the highest inflation rate since May last year, with prices of food rising the most in three months (1.82% vs 1.7% in December), mainly due to rice, meats and eggs and dairy products. Additional upward pressure also came from transport & communication (1.26% vs 0.4%), mostly due to public transportation services, housing & furnishing (0.15% vs 0.3%), apparel & footwear (0.16% vs 0.2%), and recreation & education (0.76% vs 0.7%). The commerce ministry forecast headline inflation of between 0.4 to 1.2 percent for 2020. Core consumer prices, which exclude raw food and energy, increased by 0.47 percent, compared to forecasts of 0.5 percent. On a monthly basis, consumer prices rose 0.16 percent in January, after edging up 0.01 percent in December.
Inflation Rate in Thailand averaged 4.04 percent from 1977 until 2020, reaching an all time high of 24.56 percent in June of 1980 and a record low of -4.38 percent in July of 2009. This page provides the latest reported value for - Thailand Inflation Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. source: Bureau of Trade and Economic Indices, Ministry of Commerce, Thailand
Inflation Rate in Thailand is expected to be 0.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate in Thailand to stand at 1.20 in 12 months time. In the long-term, the Thailand Inflation Rate is projected to trend around 1.20 percent in 2021 and 2.20 percent in 2022, according to our econometric models.