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 June 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.