The annual inflation rate in Thailand rose to 5.89% in December 2022, accelerating from a 7-month low of 5.55% in the previous month and nearly in line with market forecasts of 5.90%. The upturn was prompted by the increases in prices for food & non-alcoholic beverages (8.87% vs 8.40% in November), namely rice & flour products (5.40% vs 4.20%) and fruits & vegetables (5.61% vs 0.87%). Also, costs rose faster for non-food products (3.87% vs 3.59%), primarily transportation (5.65% vs 4.90%) and fuel (13.78% vs 11.60%). Meanwhile, the headline CPI in 2022 surged to 6.08%, within the projected 5.5% to 6.5% rise and significantly higher compared to 1.23% in 2021, mainly underpinned by rising energy prices, the geopolitical conflict between Russia and Ukraine, and high domestic prices of fuel, electricity and LPG. On a monthly basis, consumer prices fell by 0.06%, following a 0.13% drop in November. source: Bureau of Trade and Economic Indices, Ministry of Commerce, Thailand

Inflation Rate in Thailand averaged 3.92 percent from 1977 until 2022, 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 January of 2023.

Inflation Rate in Thailand is expected to be 5.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Thailand Inflation Rate is projected to trend around 3.00 percent in 2024, according to our econometric models.

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Thailand Inflation Rate



Calendar GMT Actual Previous Consensus TEForecast
2022-12-07 04:00 AM Nov 5.55% 5.98% 5.86% 5.8%
2023-01-05 04:00 AM Dec 5.89% 5.55% 5.9% 5.9%
2023-02-06 04:00 AM Jan 5.89% 5.9%


Related Last Previous Unit Reference
Inflation Rate 5.89 5.55 percent Dec 2022
Inflation Rate MoM -0.06 -0.13 percent Dec 2022
Core Inflation Rate 3.23 3.22 percent Dec 2022
Producer Prices 110.90 113.70 points Dec 2022
Food Inflation 8.87 8.40 percent Dec 2022
Producer Prices Change 4.92 7.16 percent Dec 2022
CPI Transportation 110.86 111.72 points Dec 2022

Thailand Inflation Rate
In Thailand, the most important categories in the Consumer Price index are Food & Non-alcoholic Beverages (40% of the total weight), Housing & Furnishing (23%), Transportation & Communications (23%). Others include: Medical & Personal Care (6%); Recreation & Education (5%); Apparel & Footwear (2%); and Tobacco & Alcoholic Beverages (1%).
Actual Previous Highest Lowest Dates Unit Frequency
5.89 5.55 24.56 -4.38 1977 - 2022 percent Monthly
NSA

News Stream
Thailand Inflation Rate at 5.89% in December
The annual inflation rate in Thailand rose to 5.89% in December 2022, accelerating from a 7-month low of 5.55% in the previous month and nearly in line with market forecasts of 5.90%. The upturn was prompted by the increases in prices for food & non-alcoholic beverages (8.87% vs 8.40% in November), namely rice & flour products (5.40% vs 4.20%) and fruits & vegetables (5.61% vs 0.87%). Also, costs rose faster for non-food products (3.87% vs 3.59%), primarily transportation (5.65% vs 4.90%) and fuel (13.78% vs 11.60%). Meanwhile, the headline CPI in 2022 surged to 6.08%, within the projected 5.5% to 6.5% rise and significantly higher compared to 1.23% in 2021, mainly underpinned by rising energy prices, the geopolitical conflict between Russia and Ukraine, and high domestic prices of fuel, electricity and LPG. On a monthly basis, consumer prices fell by 0.06%, following a 0.13% drop in November.
2023-01-05
Thailand Inflation Rate Slows to 7-Month Low
The annual inflation rate in Thailand fell to 5.55% in November 2022 from 5.98% in the prior month and compared with market forecasts of 5.86%. This was the lowest figure since April, with food prices rising the least since July (8.4% vs 9.58% in October). Meantime, cost of transport edged up (4.90% vs 4.84%), largely linked to public transportation services and vehicles & vehicle operation; while inflation of housing was little changed (3.54% vs 3.56%). The headline CPI in December is expected to rise at a similar rate to the November print, a senior commerce ministry official said. Thailand's 2022 headline CPI is projected to rise between 5.5% to 6.5%, compared with 1.23% in 2021, and should reach between 2% to 3% next year, reflecting a base effect and s global recession risk. Core consumer prices rose 3.22% yoy, the most since July 2008, compared with consensus of 3.2%. On a monthly basis, consumer prices fell by 0.13 percent in November, the first drop in four months.
2022-12-07
Thailand Inflation Rate Slows to 6-Month Low
The annual inflation rate in Thailand fell to 5.98% in October 2022 from 6.41% in the prior month and compared with market forecasts of 6.0%. This was the lowest figure since April, amid a notable slowdown in cost of transport (4.84% vs 6.37% in September), largely linked to public transportation services and vehicles & vehicle operation. Also, food prices grew by 9.58%, slowing from a 9.82% rise in September which was the steepest pace since November 2011. Meantime, cost of housing accelerated slightly (3.56% vs 3.46%). Thailand's 2022 headline CPI is projected to rise between 4 to 5%, compared with 1.23% in 2021. Core consumer prices rose 3.17% yoy in October, the most since July 2008, after a 3.12% gain in September and compared with consensus of 3.2%. On a monthly basis, consumer prices increased by 0.33 percent in October, the third straight month of gains and the steepest growth in four months, after rising 0.22% in September.
2022-11-07