Consumer prices in Thailand fell by 0.5 percent year-on-year in October 2020, after a 0.7 percent drop a month earlier and matching market forecasts. This was the eighth straight month of deflation, with the cost of transport falling at a slower pace (-4.32 percent vs -4.99 percent in September), largely due to vehicles and vehicle operations. At the same time, food prices rose further (1.57 percent vs 1.42 percent), mostly due to meats, and vegetables and fruits. On a monthly basis, consumer prices edged down 0.05 percent, following a 0.11 percent fall in September. Meantime, core consumer prices rose by 0.19 percent year-on-year in October, the least in four months, compared with expectations of a 0.22 percent gain. source: Bureau of Trade and Economic Indices, Ministry of Commerce, Thailand

Inflation Rate in Thailand averaged 3.95 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. Thailand Inflation Rate - data, historical chart, forecasts and calendar of releases - was last updated on November of 2020.

Inflation Rate in Thailand is expected to be 0.60 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 3.00 in 12 months time. In the long-term, the Thailand Inflation Rate is projected to trend around 2.20 percent in 2021 and 2.60 percent in 2022, according to our econometric models.

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Thailand Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
-0.50 -0.70 24.56 -4.38 1977 - 2020 percent Monthly
NSA


Calendar GMT Actual Previous Consensus TEForecast
2020-08-06 04:30 AM Jul -0.98% -1.57% -1.46% -1.4%
2020-09-03 03:45 AM Aug -0.5% -0.98% -0.5%
2020-10-05 03:30 AM Sep -0.7% -0.5% -0.64% 0.1%
2020-11-05 04:00 AM Oct -0.5% -0.7% -0.5% -0.7%
2020-12-04 03:30 AM Nov -0.5% -0.9%
2021-01-04 04:00 AM Dec
2021-02-06 04:00 AM Jan
2021-03-05 03:30 AM Feb


News Stream
Thailand Consumer Prices Decline for 8th Month
Consumer prices in Thailand fell by 0.5 percent year-on-year in October 2020, after a 0.7 percent drop a month earlier and matching market forecasts. This was the eighth straight month of deflation, with the cost of transport falling at a slower pace (-4.32 percent vs -4.99 percent in September), largely due to vehicles and vehicle operations. At the same time, food prices rose further (1.57 percent vs 1.42 percent), mostly due to meats, and vegetables and fruits. On a monthly basis, consumer prices edged down 0.05 percent, following a 0.11 percent fall in September. Meantime, core consumer prices rose by 0.19 percent year-on-year in October, the least in four months, compared with expectations of a 0.22 percent gain.
2020-11-05
Thailand Consumer Prices Decline for 7th Month
Consumer prices in Thailand fell by 0.7 percent in September 2020, after a 0.5 percent drop a month earlier and compared to market forecasts of a 0.64 percent decline. This was the seventh straight month of deflation, with the cost of transport falling at a faster pace (-4.99 percent vs -4.5 percent in August), largely due to vehicles and vehicle operations. At the same time, food prices rose by 1.42 percent, after a 1.62 percent increase in the previous month, mostly due to meats, vegetables and fruits. On a monthly basis, consumer prices declined 0.11 percent in September, following a 0.29 percent rise in August. Meantime, core consumer prices rose by 0.25 percent year-on-year in September, compared with a forecast of a 0.21 percent gain.
2020-10-05
Thailand Consumer Prices Drop the Least in 6 Months
Consumer prices in Thailand fell by 0.5 percent in August 2020, after a 0.98 percent drop in July. This was the sixth straight month of deflation but the weakest in the sequence, with the cost of transport falling less (-4.5 percent vs -5.2 percent), largely due to vehicles and vehicle operations. At the same time, food prices rose by 1.62 percent, the most since February, after a 0.55 percent rise in July, mostly due to meats; rice, flour; vegetables, and fruits. On a monthly basis, consumer prices went up 0.29 percent in August, the least in three months, following a 0.66 percent gain in July. Meantime, core consumer prices rose 0.3 percent year-on-year in August, compared with a 0.39 percent rise in a month earlier.
2020-09-03
Thailand Consumer Prices Drop Less than Estimated
Consumer prices in Thailand declined by 0.98 percent from a year earlier in July 2020, following a 1.57 percent fall in June and compared to market expectations of a 1.46 percent drop. This was the fifth straight month of decline in consumer prices. with downward pressure largely coming from transportation & communication (-5.12 percent vs -5.06 percent), mostly due to vehicles and vehicle operations; and housing & furnishing (-0.06 percent vs -1.70 percent). Meanwhile, food & non-alcoholic beverages prices rose 0.55 percent, the most in three months, after a 0.06 percent gain in June, mainly due to rice, flour and cereal. The core CPI index, which strips out food and energy prices, rose 0.39 percent from a year earlier, after a 0.05 percent fall in June. For 2020, the commerce ministry expects the headline CPI to fall between 0.7 percent to 1.5 percent.
2020-08-06

Thailand Inflation Rate
In Thailand, the most important categories in the consumer price index are Food and non-alcoholic beverages (36 percent of total weight), Transportation and communication (24 percent) and Housing and furnishing (23 percent). Others include: Medical and personal care (6 percent); Recreation and education (6 percent); Apparel and footwear (3 percent); and Tobacco and alcoholic beverages (1 percent).