The annual inflation rate in Thailand fell to 2.44 percent in May 2021 from an over eight-month high of 3.41 percent a month earlier and compared with market consensus of 2.85 percent. The latest reading marked the second straight month of consumer inflation, amid a recovery in consumption in the aftermath of the COVID-19 shocks. Food prices went up 0.13 percent, slowing from a 0.4 percent rise in April, amid declines in rice, flour and cereal products, vegetables and fruits, and eggs. Meantime, transport prices rose further (10.18 percent vs 10.21 percent), largely due to vehicles and vehicle operations. On a monthly basis, consumer prices fell by 0.93 percent in May, the first drop in ten months, after a 1.38 percent gain in April. Meantime, core consumer prices rose by 0.49 percent year-on-year in May, the most since March 2020, after a 0.3 percent gain in April and compared with forecasts of 0.45 percent. 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 June of 2021.
Inflation Rate in Thailand is expected to be 3.20 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.