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.