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.

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Thailand Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
-1.57 -3.44 24.56 -4.38 1977 - 2020 percent Monthly
NSA


Calendar GMT Actual Previous Consensus TEForecast
2020-04-07 03:30 AM Mar -0.54% 0.74% -0.6% 0.41%
2020-05-05 03:30 AM Apr -2.99% -0.54% -1.2% -1.4%
2020-06-04 04:30 AM May -3.44% -2.99% -2.95% -3.1%
2020-07-03 03:30 AM Jun -1.57% -3.44% -2.80% -4.5%
2020-08-03 03:30 AM Jul -1.57% -1.0%
2020-09-01 03:30 AM Aug
2020-10-01 03:30 AM Sep -1.3%
2020-11-02 03:30 AM Oct
Go to our Calendar for more events. Or learn more about the Calendar API for direct access.


News Stream
Thai Consumer Prices Fall Less than Forecast
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.
2020-07-03
Thailand Consumer Prices Fall the Most in Nearly 11 Years
Consumer prices in Thailand declined by 3.44% yoy in May 2020, compared with market expectations of a 2.95% drop and after a 2.99% fall in April. This was the sharpest decrease in consumer prices since July 2009, amid falls in both transport & communication prices (-9.15% vs -9.77% in April), mostly due to vehicles and vehicle operations; and housing & furnishing (-5.61% vs -4.56%). Also, food prices fell 0.02%, the first drop since June 2018, after a 1.04% rise in April, mainly due to eggs and dairy products. Meantime, inflation was steady for apparel & footwear (at 0.08%), while prices of recreation & education rose faster (0.36% vs 0.34%). For 2020, the commerce ministry expects headline inflation to be in a range of -1.0% to -0.2%. Core inflation rate, which excludes raw food and energy, was at 0.01%, the lowest since a 0.1% fall in October 2009, compared with forecasts of a 0.35% rise.
2020-06-04
Thailand Consumer Prices Fall the Most in Near 11 Years
Thailand's consumer prices declined 2.99 percent from a year earlier in April 2020, the biggest decline since July 2009 and compared with market expectations of a 1.2 percent drop. Cost fell for transport & communication (-9.77 percent vs -4.93 percent in March), mostly due to vehicles and vehicle operations, and housing & furnishing (-4.56 percent vs 0.09 percent). In addition, food prices rose the least since December 2018 (1.04 percent vs 1.58 percent), due to vegetables and fruits, and recreation & education inflation slowed (0.34 percent vs 0.47 percent). Core inflation rate, which excludes raw food and energy, eased to 0.41 percent, the lowest since July last year. The central bank predict consumer prices will fall 1 percent this year, compared with its target range of 1-3 percent.
2020-05-05
Thailand Consumer Prices Fall the Most since 2015
Consumer prices in Thailand declined by 0.54 percent year-on-year in March 2020, compared with market expectations of a 0.6 percent drop and after a 0.74 percent rise in the previous month. This was the sharpest decrease in consumer prices since December of 2015, amid a steeper fall in transport & communication prices (-4.93% vs -0.48% in February), mostly due to vehicles and vehicle operations. In addition, cost slowed for both housing & furnishing (0.09% vs 0.22%) and recreation & education (0.47% vs 0.52%). Also, food prices rose 1.58%, the least in four months, after a 2.04% rise in February, mainly due to rice, meats, poultry and eggs and dairy products. Meanwhile, cost apparel & footwear rebounded slightly (0.09% vs -0.01%). The commerce ministry officially revised down its 2020 headline inflation forecast to a range of -1.0% to -0.2% from 0.4% to 1.2%. Core consumer prices, which exclude raw food and energy, increased 0.54 percent, compared with forecasts of a 0.5 percent rise.
2020-04-07

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).