Thailand Inflation Rate1977-2021 Data | 2022-2023 Forecast | Calendar | Historical

The annual inflation rate in Thailand fell to 1.25 percent in June 2021 2.44 percent a month earlier and compared with market consensus of 1.14 percent. This was the lowest reading in three months, amid coronavirus-related restrictions, with transport prices slowing markedly (8.46 percent vs 10.18 percent). At the same time, housing cost fell by 3.11 percent, faster than a 0.91 percent drop in May, dragged down by electricity, fuel and water supply. Meanwhile, food prices went up 0.29 percent, accelerating from a 0.13 percent rise in May and rising for the third month in a row, amid rises in seasonings and condiments; and meats, poultry, and fish. On a monthly basis, consumer prices rose 0.38 percent in June, after a 0.93 percent fall in May. Core consumer prices rose by 0.52 percent year-on-year in June, the most since March 2020, after a 0.49 percent gain in May and compared with forecasts of 0.5 percent.

The annual inflation rate in Thailand fell to 2.44 percent in May 2021 from an over eight-month high of 3.41 percent a month earlier and compared with market consensus of 2.85 percent. The latest reading marked the second straight month of consumer inflation, amid a recovery in consumption in the aftermath of the COVID-19 shocks. Food prices went up 0.13 percent, slowing from a 0.4 percent rise in April, amid declines in rice, flour and cereal products, vegetables and fruits, and eggs. Meantime, transport prices rose further (10.18 percent vs 10.21 percent), largely due to vehicles and vehicle operations. On a monthly basis, consumer prices fell by 0.93 percent in May, the first drop in ten months, after a 1.38 percent gain in April. Meantime, core consumer prices rose by 0.49 percent year-on-year in May, the most since March 2020, after a 0.3 percent gain in April and compared with forecasts of 0.45 percent.

Consumer prices in Thailand rose 3.41 percent year-on-year in April 2021, above market estimates of a 2.5 percent gain and after edging down 0.08 percent a month earlier. This was the first increase in consumer prices in 14 months and the highest reading since December 2012, as consumption recovered in the aftermath of the COVID-19 disruption. Food prices went up 0.4 percent, the first gain in three months, after a 0.26 percent fall in March, mostly due to vegetables and fruits, seasonings and condiments, and meats. In addition, transport prices rose much faster (10.21 percent vs 5.43 percent), largely due to vehicles and vehicle operations. On a monthly basis, consumer prices rose by 1.38 percent in April, the most in nine months, following a 0.23 percent gain in March. Meantime, core consumer prices rose by 0.3 percent year-on-year in April, compared with consensus of a 0.18 percent rise and March's figure of 0.09 percent growth.

Consumer prices in Thailand unexpectedly edged down 0.08 percent year-on-year in March 2021, compared with market estimates of a 0.1 percent gain and after a 1.17 percent fall a month earlier. This was the 13th straight month of deflation but the weakest pace in the sequence, amid government relief measures to contain utility prices. At the same time, food prices fell less (-0.26 percent vs -0.43 percent in February), mostly due to meats, and seasonings and condiments. In contrast, transport cost surged 5.43 percent, after falling 0.98 percent, largely due to vehicles and vehicle operations. On a monthly basis, consumer prices rose by 0.23 percent in March, after a 0.91 percent drop in February. Meantime, core consumer prices rose by 0.09 percent year-on-year, compared with consensus of a 0.08 percent gain.