The annual inflation rate in Thailand rose to 2.71% in November 2021 from 2.38% in October, above market consensus of 2.5%. This was the highest reading since April, as consumption accelerated following a further rise in COVID-19 vaccinations while government subsidy measures ended. Cost of food increased by 0.43%, rebounding from declines in the previous four months, boosted by rises in vegetables & fruits and meats. Also, transport inflation rose further (11.72% vs 11.61%), mainly due to vehicles and vehicle operation. At the same time, housing prices fell at a softer rate (-0.12% vs -0.17%. For 2021, the government keeps its forecasts for headline inflation of 0.8% to 1.2%. The 2022 headline CPI is projected to rise between 0.7% to 2.4%. Core consumer prices increased 0.29% yoy in November, the most in five months, after a 0.21% gain in October. On a monthly basis, consumer prices went up 0.28%, the least in three months, after a 0.74% gain in October. source: Bureau of Trade and Economic Indices, Ministry of Commerce, Thailand
Inflation Rate in Thailand averaged 3.88 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 December of 2021.
Inflation Rate in Thailand is expected to be 2.60 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 1.50 percent in 2022 and 2.00 percent in 2023, according to our econometric models.