Thailand Inflation Rate
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Consumer prices in Thailand fell 0.83% yoy in December 2023, marking the 3rd period of deflation after November’s 0.44% drop and compared to forecasts of a 0.3% decline.It also marked the steepest deflation in 34 months and the 8th straight month outside the central bank’s target of 1% to 3%.The main contribution was the reduction in energy prices, namely electricity and petrol due to government measures.Furthermore, prices fell for food & non-alcoholic beverages (-0.63% vs 0.20% in November), led by prices of fresh food, particularly pork and vegetables, due to an increase in pork supply and more vegetable crops fostered by favorable weather.Meanwhile, the core inflation stood at 0.58% in December, unchanged from November, which was the lowest since January 2022, compared to expectations of a 6% rise.For 2023, inflation was at 1.23%, with the forecast for this year to be between -0.30% to 1.7%, the commerce ministry said.Monthly, the CPI shrank by 0.46%.
source:
Bureau of Trade and Economic Indices, Ministry of Commerce, Thailand
Inflation Rate in Thailand decreased to -0.83 percent in December from -0.44 percent in November of 2023.Inflation Rate in Thailand averaged 3.87 percent from 1977 until 2023, 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 2024.
Inflation Rate in Thailand decreased to -0.83 percent in December from -0.44 percent in November of 2023.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.In the long-term, the Thailand Inflation Rate is projected to trend around 3.00 //tradingeconomics.com/embed/?s=thcpiyoy&v=202401070604v20230410&w=850&h=400&h=300&w=600&ref=/thailand/inflation- 07
04:00 AM
Inflation Rate YoY
Nov
-0.44%
-0.31%
-0.3%
-0.5%
2024-01-05
04:00 AM
Inflation Rate YoY
Dec
-0.83%
-0.44%
-0.3%
-0.3%
2024-02-05
04:00 AM
Inflation Rate YoY
Jan
-0.83%
-1.1%
Related
Last
Previous
Unit
Reference
Inflation Rate
-0.83
-0.44
percent
Dec 2023
Inflation Rate MoM
-0.46
-0.25
percent
Dec 2023
Core Inflation Rate
0.58
0.58
percent
Dec 2023
Producer Prices
110.00
111.30
points
Dec 2023
Food Inflation
-0.63
0.20
percent
Dec 2023
Producer Prices Change
-0.81
-2.11
percent
Dec 2023
CPI Transportation
108.42
109.66
points
Dec 2023
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
-0.83
-0.44
24.56
-4.38
1977 – 2023
percent
Monthly
NSA
Compare
Inflation Rate by Country
News Stream
Thailand Consumer Prices Fall More than Expected
Consumer prices in Thailand fell 0.83% yoy in December 2023, marking the 3rd period of deflation after November’s 0.44% drop and compared to forecasts of a 0.3% decline.It also marked the steepest deflation in 34 months and the 8th straight month outside the central bank’s target of 1% to 3%.
The main contribution was the reduction in energy prices, namely electricity and petrol due to government measures.Furthermore, prices fell for food & non-alcoholic beverages (-0.63% vs 0.20% in November), led by prices of fresh food, particularly pork and vegetables, due to an increase in pork supply and more vegetable crops fostered by favorable weather.Meanwhile, the core inflation stood at 0.58% in December, unchanged from November, which was the lowest since January 2022, compared to expectations of a 6% rise.For 2023, inflation was at 1.23%, with the forecast for this year to be between -0.30% to 1.7%, the commerce ministry said.Monthly, the CPI shrank by 0.46%.
2024-01-05
Thailand Consumer Prices Drop for 2nd Month
Consumer prices in Thailand dropped 0.44% year-on-year in November 2023, marking the second period of deflation after October’s 0.31% fall and compared to market expectations of a 0.30% decline.Prices decreased further for non-food products (-0.87% vs -0.09% in October), weighed by lower costs of electricity, diesel fuel and public fare.Conversely, prices rebounded for food & non-alcoholic beverages (0.20% vs -0.65%), lifted by higher costs of rice, flour products, eggs, and milk.
Meanwhile, the core inflation eased to 0.58%, the lowest since January 2022 and from a prior 0.66%.On a monthly basis, the CPI went down 0.25%, following a 0.28% fall in the previous month.
2023-12-07
Thailand Consumer Prices Fall for 1st Time in Over 2 Years
The consumer prices in Thailand fell 0.31% year-on-year in October 2023, marking the first deflation since August 2021 and compared to September’s 0.30% rise and market expectations of a stagnant reading.Prices declined further for food & non-alcoholic beverages (-0.65% vs -0.10% in September), primarily weighed by lower costs of meat and fresh vegetables.
Additionally, prices went down for non-food products (-0.09% vs 0.59%), due to decreased costs of fuel.Meanwhile, the core inflation edged up to 0.66% from an over one-and-a-half year low of 0.63% in September.On a monthly basis, the CPI declined 0.28%, following a 0.36% drop a month earlier.
2023-11-06
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Thailand Private Investment Rises 1.8% MoM
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Thailand Industrial Output Drops for 14th Month
Thailand Car Sales Fall 9.76% in November
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