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. source: Bureau of Trade and Economic Indices, Ministry of Commerce, Thailand
Inflation Rate in Thailand averaged 3.91 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 May of 2021.
Inflation Rate in Thailand is expected to be 1.20 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 2.20 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.