Thailand's annual inflation rate eased to a six-month low of 1.23 percent in October 2018 from 1.33 percent in September and below market consensus of 1.30 percent. Inflation slowed for: food & non-alcoholic beverages (0.3 percent vs 0.4 percent in September); housing & furnishing (0.6 percent vs 0.7 percent); and tobacco and alcoholic beverages (0.4 percent vs 3.9 percent), while was steady for: transport & communication (at 3.9 percent); and recreation & education (at 0.3 percent). Meantime, prices rose faster for: apparel & footwear (0.5 percent vs 0.4 percent); and medical care & personal care (0.7 percent vs 0.6 percent). Core consumer prices, which exclude raw food and energy, increased by 0.75 percent, after a 0.8 percent rise in a month earlier and marginally below estimates of 0.8 percent. On a monthly basis, consumer prices edged up 0.06 percent in October, following a 0.29 percent rise in September. Inflation Rate in Thailand averaged 4.14 percent from 1977 until 2018, 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 1.10 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 1.20 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.