Consumer prices in Thailand declined by 1.57 percent from a year earlier in June 2020, following a 3.44 percent fall in May and compared to market expectations of a 2.80 percent drop. Prices fell at a slower pace following the end of a government utilities subsidy to ease the impact of the coronavirus. Downward pressure came from transportation & communication (-5.06 percent vs -9.15 percent in May), mostly due to vehicles and vehicle operations; and housing & furnishing (-1.70 percent vs -5.61 percent). Meanwhile, food & non-alcoholic beverages prices rose slightly (0.06 percent vs -0.01 percent). The core CPI index, which strips out food and energy prices, dipped 0.05 percent from a year earlier, the first drop in more than a decade. For 2020, the commerce ministry expects the headline CPI to fall between 0.7 percent to 1.5 percent.
Inflation Rate in Thailand averaged 3.99 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 July of 2020. source: Bureau of Trade and Economic Indices, Ministry of Commerce, Thailand
Inflation Rate in Thailand is expected to be -1.30 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 2.50 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.