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.