Consumer prices in Thailand unexpectedly edged down 0.08 percent year-on-year in March 2021, compared with market estimates of a 0.1 percent gain and after a 1.17 percent fall a month earlier. This was the 13th straight month of deflation but the weakest pace in the sequence, amid government relief measures to contain utility prices. At the same time, food prices fell less (-0.26 percent vs -0.43 percent in February), mostly due to meats, and seasonings and condiments. In contrast, transport cost surged 5.43 percent, after falling 0.98 percent, largely due to vehicles and vehicle operations. On a monthly basis, consumer prices rose by 0.23 percent in March, after a 0.91 percent drop in February. Meantime, core consumer prices rose by 0.09 percent year-on-year, compared with consensus of a 0.08 percent gain. 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 April of 2021.

Inflation Rate in Thailand is expected to be 2.50 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 2.10 in 12 months time. In the long-term, the Thailand Inflation Rate is projected to trend around 2.60 percent in 2022, according to our econometric models.

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Thailand Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
-0.08 -1.17 24.56 -4.38 1977 - 2021 percent Monthly
NSA


Calendar GMT Actual Previous Consensus TEForecast
2021-01-05 04:00 AM Dec -0.27% -0.41% -0.4% -0.4%
2021-02-05 03:30 AM Jan -0.34% -0.27% -0.4% -0.9%
2021-03-05 03:30 AM Feb -1.17% -0.34% -0.2% -0.2%
2021-04-05 03:30 AM Mar -0.08% -1.17% 0.1% 0.1%
2021-05-05 03:30 AM Apr -0.08%
2021-06-04 03:30 AM May
2021-07-05 03:30 AM Jun
2021-08-05 03:30 AM Jul


News Stream
Thailand Consumer Prices Drop the Least in 13 Months
Consumer prices in Thailand unexpectedly edged down 0.08 percent year-on-year in March 2021, compared with market estimates of a 0.1 percent gain and after a 1.17 percent fall a month earlier. This was the 13th straight month of deflation but the weakest pace in the sequence, amid government relief measures to contain utility prices. At the same time, food prices fell less (-0.26 percent vs -0.43 percent in February), mostly due to meats, and seasonings and condiments. In contrast, transport cost surged 5.43 percent, after falling 0.98 percent, largely due to vehicles and vehicle operations. On a monthly basis, consumer prices rose by 0.23 percent in March, after a 0.91 percent drop in February. Meantime, core consumer prices rose by 0.09 percent year-on-year, compared with consensus of a 0.08 percent gain.
2021-04-05
Thailand Consumer Prices Fall the Most in 8 Months
Consumer prices in Thailand declined by 1.17 percent year-on-year in February 2021, compared with market estimates of a 0.2 percent drop and after a 0.34 percent fall a month earlier. This was the twelfth straight month of deflation and the steepest rate since June 2020, amid lower food prices and government relief measures to contain utility prices. Meantime, core consumer prices edged up 0.04 percent year-on-year, compared with consensus of a 0.17 percent gain.
2021-03-05
Thailand Consumer Prices Decline Less than Estimated
Consumer prices in Thailand fell by 0.34 percent year-on-year in January 2021, after a 0.27 percent drop a month earlier and compared with market forecasts of a 0.4 percent decline. This was the eleventh straight month of deflation, with the cost of transport falling at a slower pace (-1.86 percent vs -3.07 percent in December), largely due to vehicles and vehicle operations. At the same time, food inflation slowed to a five-month low (0.58 percent vs 1.38 percent), mostly due to vegetables and fruits, and meats. On a monthly basis, consumer prices rose by 0.09 percent in January after rising 0.15 percent in December. Meantime, core consumer prices went up 0.21 percent year-on-year, compared with consensus of a 0.2 percent gain.
2021-02-05
Thailand Consumer Prices Drop the Least in 10 Months
Consumer prices in Thailand fell by 0.27 percent year-on-year in December 2020, after a 0.41 percent drop a month earlier and less than market forecasts of a 0.4 percent decline. This was the tenth straight month of deflation but the lowest in the sequence, with the cost of transport falling at a slower pace (-3.07 percent vs -4.18 percent in November), largely due to vehicles and vehicle operations. At the same time, food inflation slowed to a four-month low (1.38 percent vs 1.7 percent), mostly due to meats, and vegetables, and fruits. On a monthly basis, consumer prices rose by 0.15 percent in December after edging down 0.04 percent in November. Meantime, core consumer prices went up 0.19 percent year-on-year, compared with consensus of a 0.17 percent rise.
2021-01-05

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).