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. source: Bureau of Trade and Economic Indices, Ministry of Commerce, Thailand
Inflation Rate in Thailand averaged 3.90 percent from 1977 until 2021, 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 2021.
Inflation Rate in Thailand is expected to be 2.70 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 1.40 in 12 months time. In the long-term, the Thailand Inflation Rate is projected to trend around 2.00 percent in 2022, according to our econometric models.