Thailand's annual inflation rate fell to 0.52 percent in August 2019 from 0.98 percent in July and well below market expectations of 0.85 percent. This was the lowest inflation rate since January, with food inflation hitting its lowest in four months (2.6% vs 3.5% in July). In addition, prices fell for both transport & communication (-2.2 percent vs -1.3 percent) and apparel & footwear (-0.1% vs flat reading). In contrast, inflation was unchanged for housing & furnishing (at 0.3 percent), while cost rose slightly faster for recreation & education (0.8% vs 0.7%). For 2019, the central bank expects headline inflation to be between 0.8-0.9% and compared with the Bank of Thailand's estimate of 1.0%. Core consumer prices, which exclude raw food and energy, rose 0.49 percent, above estimates of 0.44 percent. It marked the highest figure in three months. On a monthly basis, consumer prices fell 0.19 percent, after a 0.06 percent gain in July. Inflation Rate in Thailand averaged 4.08 percent from 1977 until 2019, 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.

Inflation Rate in Thailand is expected to be 0.80 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 1.10 in 12 months time. In the long-term, the Thailand Inflation Rate is projected to trend around 2.20 percent in 2020, according to our econometric models.

Thailand Inflation Rate
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Calendar GMT Actual Previous Consensus TEForecast
2019-06-04 03:30 AM Inflation Rate YoY May 1.15% 1.23% 1% 1.1%
2019-07-01 04:00 AM Inflation Rate YoY Jun 0.87% 1.15% 1.1% 1.1%
2019-08-01 04:00 AM Inflation Rate YoY Jul 1% 0.87% 1% 1%
2019-09-02 04:00 AM Inflation Rate YoY Aug 0.52% 0.98% 0.85% 1%
2019-10-01 03:45 AM Inflation Rate YoY Sep 0.52% 0.8%
2019-11-01 03:45 AM Inflation Rate YoY Oct
2019-12-03 04:00 AM Inflation Rate YoY Nov


Thailand Prices Last Previous Highest Lowest Unit
Inflation Rate 0.52 0.98 24.56 -4.38 percent [+]
Inflation Rate Mom -0.19 0.06 4.00 -3.00 percent [+]
Consumer Price Index CPI 102.80 103.00 103.31 18.80 Index Points [+]
Core Consumer Prices 102.61 102.52 102.61 42.90 Index Points [+]
Core Inflation Rate 0.49 0.41 8.54 -1.12 percent [+]
GDP Deflator 155.22 148.27 159.25 73.83 Index Points [+]
Producer Prices 101.30 102.00 109.20 49.60 Index Points [+]
Export Prices 100.26 101.24 109.56 75.94 Index Points [+]
Import Prices 92.78 93.28 103.35 67.79 Index Points [+]
Food Inflation 2.60 3.50 26.34 -7.05 percent [+]
Producer Prices Change -1.75 -1.16 21.59 -13.00 percent [+]
CPI Housing Utilities 100.60 100.56 100.62 27.30 Index Points [+]
CPI Transportation 101.52 102.11 121.80 18.10 Index Points [+]


Thailand Inflation Rate

In Thailand, the most important categories in the consumer price index are Food and non-alcoholic beverages (36 percent of total weight), Transportation and communication (24 percent) and Housing and furnishing (23 percent). Others include: Medical and personal care (6 percent); Recreation and education (6 percent); Apparel and footwear (3 percent); and Tobacco and alcoholic beverages (1 percent). 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 - actual data, historical chart and calendar of releases - was last updated on September of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
0.52 0.98 24.56 -4.38 1977 - 2019 percent Monthly
NSA




Country Last Previous
Argentina 53.60 Aug/19
Australia 1.60 Jun/19
Brazil 3.43 Aug/19
Canada 1.90 Aug/19
China 2.80 Aug/19
Euro Area 1.00 Aug/19
France 1.00 Aug/19
Germany 1.40 Aug/19
India 3.21 Aug/19
Indonesia 3.49 Aug/19
Italy 0.40 Aug/19
Japan 0.30 Aug/19
Mexico 3.16 Aug/19
Netherlands 2.80 Aug/19
Russia 4.30 Aug/19
Saudi Arabia -1.30 Jul/19
Singapore 0.40 Jul/19
South Africa 4.30 Aug/19
South Korea 0.00 Aug/19
Spain 0.30 Aug/19
Switzerland 0.30 Aug/19
Turkey 15.01 Aug/19
United Kingdom 1.70 Aug/19
United States 1.70 Aug/19


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