The annual inflation rate in Thailand rose to 7.86% in August 2022 from 7.61% in July and compared with market forecasts of 7.85%. This was the steepest rise in consumer prices since July 2008. Food prices rose the most since November 2011 (9.35% vs 8.02% in July), boosted by meats, duck & chicken, and vegetables & fruits. In addition, housing inflation accelerated further (8.59% vs 8.42%), due to electricity cost. Also, transport prices continued to rise (8.47% vs 10.23%), led by vehicles and vehicle operation. Thailand's 2022 headline CPI is projected to rise between 4 to 5%, compared with 1.23% in 2021. Core consumer prices rose 3.15% yoy in August, the most since July 2008, after a 2.99% gain in July and compared with consensus of 3.2%. On a monthly basis, consumer prices edged up 0.05 percent in August, after falling 0.16 percent in July. source: Bureau of Trade and Economic Indices, Ministry of Commerce, Thailand

Inflation Rate in Thailand averaged 3.91 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 September of 2022.

Inflation Rate in Thailand is expected to be 8.10 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
2022-08-05 03:30 AM Jul 7.61% 7.66% 7.8% 8.3%
2022-09-05 04:00 AM Aug 7.86% 7.61% 7.85% 7.9%
2022-10-05 04:00 AM Sep 7.86% 6.73% 8.1%


Related Last Previous Unit Reference
Inflation Rate 7.86 7.61 percent Aug 2022
Inflation Rate MoM 0.05 -0.16 percent Aug 2022
Core Inflation Rate 3.15 2.99 percent Aug 2022
Producer Prices 113.70 114.70 points Aug 2022
Food Inflation 9.35 8.02 percent Aug 2022
Producer Prices Change 10.71 12.23 percent Aug 2022
CPI Transportation 112.79 114.73 points Aug 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
7.86 7.61 24.56 -4.38 1977 - 2022 percent Monthly
NSA

News Stream
Thailand Inflation Rate Hits 14-Year High
The annual inflation rate in Thailand rose to 7.86% in August 2022 from 7.61% in July and compared with market forecasts of 7.85%. This was the steepest rise in consumer prices since July 2008. Food prices rose the most since November 2011 (9.35% vs 8.02% in July), boosted by meats, duck & chicken, and vegetables & fruits. In addition, housing inflation accelerated further (8.59% vs 8.42%), due to electricity cost. Also, transport prices continued to rise (8.47% vs 10.23%), led by vehicles and vehicle operation. Thailand's 2022 headline CPI is projected to rise between 4 to 5%, compared with 1.23% in 2021. Core consumer prices rose 3.15% yoy in August, the most since July 2008, after a 2.99% gain in July and compared with consensus of 3.2%. On a monthly basis, consumer prices edged up 0.05 percent in August, after falling 0.16 percent in July.
2022-09-05
Thailand Consumer Prices Stay Elevated
The annual inflation rate in Thailand unexpectedly edged down to 7.61% in July 2022 from June's near 14-year high of 7.66% and compared with market forecasts of 7.8%. Food prices rose the most since December 2011 (8.02% vs 6.42% in June), boosted by meats, seasonings, and duck, chicken. Also, transport cost continued to rise (10.23% vs 14.75%), led by vehicles and vehicle operation. In addition, housing inflation accelerated further (8.42% vs 6.79%), 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 2.99% yoy in July, the most in 14 years, after a 2.51% gain in June and surpassing consensus of 2.6%. On a monthly basis, consumer prices fell 0.16% in July, the first drop since last December, swinging from a 0.9% rise in June.
2022-08-05
Thailand Inflation Rate Highest in Near 14 Years
The annual inflation rate in Thailand rose to 7.66% in June 2022 from 7.1% in the prior month. The latest reading was the highest since July 2008 and exceeding market consensus of 7.5%, with food prices rising the most since March 2012 (6.42% vs 6.18% in May), boosted by meats, eggs and dairy products, and seasonings. Also, transport cost accelerated (14.75% vs 13.14% in May), led by vehicles and vehicle operation. In addition, housing inflation accelerated further (6.79% vs 6.65%), 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 2.51% yoy in June, the most since March 2012, after a 2.28% gain in May and also surpassing consensus of 2.37%. On a monthly basis, consumer prices rose 0.9% in June, after a 1.4% gain in May which was the most in eight months.
2022-07-05