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.

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Thailand Inflation Rate


Calendar GMT Actual Previous Consensus TEForecast
2021-11-05 08:00 AM Oct 2.38% 1.68% 1.91% 2.1%
2021-12-03 03:30 AM Nov 2.71% 2.38% 2.5% 2.8%
2022-01-05 04:00 AM Dec 2.71%


Related Last Previous Unit Reference
Inflation Rate 2.71 2.38 percent Nov/21
Inflation Rate Mom 0.28 0.74 percent Nov/21
Core Inflation Rate 0.29 0.21 percent Nov/21
Producer Prices 104.80 103.00 points Oct/21
Food Inflation 0.43 -0.26 percent Nov/21
CPI Transportation 106.50 106.14 points Nov/21
Producer Prices Change 6.94 5.32 percent Oct/21

News Stream
Thailand Inflation Rate Tops Forecasts in November
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.
2021-12-03
Thailand Consumer Prices Rebound More than Expected
Consumer prices in Thailand rose by 1.68 percent year-on-year in September 2021, after a 0.02 percent fall a month earlier and compared with market consensus of a 0.7 percent gain. This was the highest reading since May, due to the ending of government subsidy measures. Transport inflation accelerated (10.08 percent vs 9.04 percent), mainly due to vehicles and vehicle operation. At the same time, cost of food fell at a slower rate (-1.16 percent vs -1.48 percent), amid drops in rice, flour, and cereal products; and vegetables and fruits. Meantime, housing prices fell by 0.1 percent, much softer than a 5.95 percent decline in August. Core consumer prices increased 0.19 percent year-on-year in September, the most in three months, after a 0.07 percent gain in August and compared with forecasts of 0.2 percent. On a monthly basis, consumer prices advanced 1.59 percent, after a 0.18 percent fall in August.
2021-10-05
Thailand Consumer Prices Unexpectedly Inch Lower
Consumer prices in Thailand unexpectedly edged down 0.02 percent year-on-year in August 2021, compared with market consensus of a 0.42 percent gain and after a 0.45 percent rise a month earlier. This was the first decline in consumer prices since March, as consumption weakened due to the recent coronavirus outbreaks. Food prices fell at a steeper rate, declining for the second month in a row (-1.48 percent vs -0.47 percent), amid drops in rice, flour, and cereal products; and vegetables and fruits. Also, cost of housing declined further (-5.95 percent vs -5.95 percent), dragged down by electricity, fuel, and water supply. At the same time, transport inflation eased slightly (9.04 percent vs 9.22 percent). Core consumer prices inched up 0.07 percent year-on-year in August, the least in six months, after a 0.14 percent gain in July and compared with forecasts of 0.18 percent. On a monthly basis, consumer prices dropped 0.18 percent in August, after falling 0.12 percent in July.
2021-09-06

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).