The annual inflation rate in Thailand surged to 7.1% in May 2022, the highest since July 2008 from 4.65% in the prior month. Food inflation hit 8.18%, the highest since March 2012, after a 4.83% in April, boosted by meats, eggs and dairy products, and seasonings. Also, transport costs accelerated (13.14% vs 10.73% in April), led by vehicles and vehicle operation. In addition, housing inflation picked up sharply (6.65% vs 0.98%), due to electricity cost. Thailand's 2022 headline CPI is projected to rise between 4 to 5%, compared with 1.23% in 2021. Core consumer prices rose 2.28% yoy in May, the most since March 2012, after a 2.0% gain in April and compared with consensus of 2.2%. On a monthly basis, consumer prices rose 1.4%, the most in 8 months, after a 2.0% gain in April. source: Bureau of Trade and Economic Indices, Ministry of Commerce, Thailand

Inflation Rate in Thailand averaged 3.89 percent from 1977 until 2022, 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 July of 2022.

Inflation Rate in Thailand is expected to be 6.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Thailand Inflation Rate is projected to trend around 2.80 percent in 2023 and 3.00 percent in 2024, according to our econometric models.

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Thailand Inflation Rate



Calendar GMT Actual Previous Consensus TEForecast
2022-05-05 04:00 AM Apr 4.65% 5.73% 4.98% 5.2%
2022-06-06 04:00 AM May 7.1% 4.65% 5.78% 4.8%
2022-07-05 04:00 AM Jun 7.1% 7.5% 7.6%


Related Last Previous Unit Reference
Inflation Rate 7.10 4.65 percent May 2022
Inflation Rate Mom 1.40 0.34 percent May 2022
Core Inflation Rate 2.28 2.00 percent May 2022
Producer Prices 115.10 114.00 points May 2022
Food Inflation 6.18 4.83 percent May 2022
Producer Prices Change 13.29 12.76 percent May 2022
CPI Transportation 115.28 111.67 points May 2022

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).
Actual Previous Highest Lowest Dates Unit Frequency
7.10 4.65 24.56 -4.38 1977 - 2022 percent Monthly
NSA

News Stream
Thailand Inflation Rate Jumps to Near 14-Year High
The annual inflation rate in Thailand surged to 7.1% in May 2022 from 4.65% in the prior month. The latest reading was the highest since July 2008, with food prices gaining 8.18%, the most since March 2012, after a 4.83% rise in April, boosted by meats, eggs and dairy products, and seasonings. Also, transport cost accelerated (13.14% vs 10.73% in April), led by vehicles and vehicle operation. In addition, housing inflation picked up sharply (6.65% vs 0.98%), due to electricity cost. Thailand's 2022 headline CPI is projected to rise between 4 to 5%, compared with 1.23% in 2021. Core consumer prices rose 2.28% yoy in May, the most since March 2012, after a 2.0% gain in April and compared with consensus of 2.2%. On a monthly basis, consumer prices rose 1.4%, the most in 8 months, after a 2.0% gain in April.
2022-06-06
Thailand Inflation Rate Below Forecasts in April
The annual inflation rate in Thailand fell to 4.65% in April 2022 from March's 13-1/2-year high of 5.73% and less than market estimates of 4.98%. The latest reading was the lowest since the start of the year, amid a slight slowdown in cost of transport (10.73% vs 11.29%), mainly led by vehicles and vehicle operation. In addition, housing inflation slowed sharply (0.98% vs 5.71%). Meantime, food prices gained 4.83%, the most since July 2012, after a 4.56% increase in March, boosted by meats, eggs and dairy products, and seasonings. Thailand's headline CPI for this year is projected to rise between 4 to 5%, compared with 1.23% in 2021.Core consumer prices rose by 2% yoy in April, the same as in March and staying at a near decade high.
2022-05-05
Thailand Inflation Rate Highest in 13-1/2 Years
The annual inflation rate in Thailand rose to 5.73% in March 2022 from 5.28% in the previous month, surpassing market expectations of 5.6% and representing the highest reading since September 2008. Food prices gained 4.56%, the most since April 2014, after a 4.51% increase in February, boosted by meats and seasonings. Also, transport inflation accelerated (11.29% vs 9.42%), mainly led by vehicles and vehicle operation; while there was a faster rise in housing cost (5.71% vs 5.69%). Thailand's headline CPI for this year is projected to rise between 4 to 5%, compared with 1.23% in 2021.Core consumer prices rose by 2% yoy in March, the most since April 2012 and compared with February's reading and forecasts of 1.8%. On a monthly basis, consumer prices increased by 0.66% in March, the least in three months and slowing from a 1.06% gain in February.
2022-04-05