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.


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Thailand Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
1.05 0.87 24.56 -4.38 1977 - 2020 percent Monthly
NSA


Calendar GMT Actual Previous Consensus TEForecast
2019-11-01 04:00 AM Oct 0.11% 0.32% 0.31% 0.2%
2019-12-02 03:45 AM Nov 0.21% 0.11% 0.34% 0.3%
2020-01-02 03:30 AM Dec 0.87% 0.21% 0.9% 0.67%
2020-02-06 04:00 AM Jan 1.05% 0.87% 0.96%
2020-03-02 04:00 AM Feb 1.05% 0.90%
2020-04-01 04:00 AM Mar 0.50%
2020-05-01 04:00 AM Apr
2020-06-01 04:00 AM May


News Stream
Thailand Inflation Rate Hits 8-Month High
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.
2020-02-06
Thailand Inflation Rate Hits 5-Month High
Thailand's annual inflation rate rose to 0.87 percent in December 2019 from 0.21 percent in the previous month and compared to market consensus of 0.9 percent. This was the highest inflation rate since July, as prices of food rose faster (1.7 percent vs 1.5 percent in November), while those of transport & communication rebounded (0.4 percent vs -2 percent). At the same time, inflation was unchanged for housing & furnishing (at 0.3 percent). Meanwhile, cost slowed for both apparel & footwear (0.2 percent vs 0.3 percent) and recreation & education (0.7 percent vs 0.8 percent). 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 0.49 percent, compared to forecasts of 0.5 percent. On a monthly basis, consumer prices edged up 0.01 percent in December, after a 0.13 percent drop in November.
2020-01-02
Thailand November Inflation Rate Below Estimates
Thailand's annual inflation rate rose to 0.21 percent in November 2019 from a near 2-1/2-year low of of 0.11 in October but less than market consensus of 0.34 percent. Food prices rose the least in ten months (1.5 percent vs 2.2 percent in October) and inflation slowed slightly for housing & furnishing (0.3 percent vs 0.4 percent). In addition, cost of transport & communication fell further (-2 percent vs -3.4 percent). Meanwhile, inflation was unchanged for recreation & education (at 0.8 percent), while cost of apparel & footwear rebounded (0.3 percent vs -0.3 percent). For 2019, the central bank expects headline inflation to average between 0.7-1 percent, compared with the Bank of Thailand's estimate of 0.8 percent. Core consumer prices, which exclude raw food and energy, increased by 0.47 percent, matching consensus. On a monthly basis, consumer prices fell 0.13 percent in November, after a 0.16 percent drop in October.
2019-12-02
Thailand Inflation Rate at Over 2-Year Low
Thailand's annual inflation rate fell to 0.11 percent in October 2019 from 0.32 percent in September and below market expectations of 0.31 percent. This was the lowest rate since June 2017, as food prices rose the least in six months (2.2 percent vs 2.5 percent). In addition, cost fell further for both transport & communication (-3.4 percent vs -2.9 percent) and apparel & footwear (-0.3 percent vs -0.3 percent). In contrast, cost rose slightly faster for both housing & furnishing (0.4 percent vs 0.3 percent), and recreation & education (0.8 percent vs 0.7 percent). For 2019, the central bank expects headline inflation to average between 0.7-1 percent, compared with the Bank of Thailand's estimate of 0.8 percent. Core consumer prices, which exclude raw food and energy, rose 0.44 percent, matching consensus. On a monthly basis, consumer prices fell 0.16 percent in October, after a 0.1 percent rise in September.
2019-11-01

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).