The annual inflation rate in Thailand fell to 2.44 percent in May 2021 from an over eight-month high of 3.41 percent a month earlier and compared with market consensus of 2.85 percent. The latest reading marked the second straight month of consumer inflation, amid a recovery in consumption in the aftermath of the COVID-19 shocks. Food prices went up 0.13 percent, slowing from a 0.4 percent rise in April, amid declines in rice, flour and cereal products, vegetables and fruits, and eggs. Meantime, transport prices rose further (10.18 percent vs 10.21 percent), largely due to vehicles and vehicle operations. On a monthly basis, consumer prices fell by 0.93 percent in May, the first drop in ten months, after a 1.38 percent gain in April. Meantime, core consumer prices rose by 0.49 percent year-on-year in May, the most since March 2020, after a 0.3 percent gain in April and compared with forecasts of 0.45 percent. source: Bureau of Trade and Economic Indices, Ministry of Commerce, Thailand

Inflation Rate in Thailand averaged 3.91 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 June of 2021.

Inflation Rate in Thailand is expected to be 3.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate in Thailand to stand at 2.20 in 12 months time. In the long-term, the Thailand Inflation Rate is projected to trend around 2.00 percent in 2022, according to our econometric models.

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Thailand Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
2.44 3.41 24.56 -4.38 1977 - 2021 percent Monthly
NSA


Calendar GMT Actual Previous Consensus TEForecast
2021-03-05 03:30 AM Feb -1.17% -0.34% -0.2% -0.2%
2021-04-05 03:30 AM Mar -0.08% -1.17% 0.1% 0.1%
2021-05-05 03:30 AM Apr 3.41% -0.08% 2.5% 2.3%
2021-06-04 03:30 AM May 2.44% 3.41% 2.85% 2.9%
2021-07-05 03:30 AM Jun 2.44%
2021-08-05 03:30 AM Jul
2021-09-06 03:30 AM Aug
2021-10-05 03:30 AM Sep
Go to our Calendar for more events. Or learn more about the Calendar API for direct access.


News Stream
Thailand Inflation Rate Slows More than Estimated
The annual inflation rate in Thailand fell to 2.44 percent in May 2021 from an over eight-month high of 3.41 percent a month earlier and compared with market consensus of 2.85 percent. The latest reading marked the second straight month of consumer inflation, amid a recovery in consumption in the aftermath of the COVID-19 shocks. Food prices went up 0.13 percent, slowing from a 0.4 percent rise in April, amid declines in rice, flour and cereal products, vegetables and fruits, and eggs. Meantime, transport prices rose further (10.18 percent vs 10.21 percent), largely due to vehicles and vehicle operations. On a monthly basis, consumer prices fell by 0.93 percent in May, the first drop in ten months, after a 1.38 percent gain in April. Meantime, core consumer prices rose by 0.49 percent year-on-year in May, the most since March 2020, after a 0.3 percent gain in April and compared with forecasts of 0.45 percent.
2021-06-04
Thailand Consumer Prices Rise the Most in Over 8 Years
Consumer prices in Thailand rose 3.41 percent year-on-year in April 2021, above market estimates of a 2.5 percent gain and after edging down 0.08 percent a month earlier. This was the first increase in consumer prices in 14 months and the highest reading since December 2012, as consumption recovered in the aftermath of the COVID-19 disruption. Food prices went up 0.4 percent, the first gain in three months, after a 0.26 percent fall in March, mostly due to vegetables and fruits, seasonings and condiments, and meats. In addition, transport prices rose much faster (10.21 percent vs 5.43 percent), largely due to vehicles and vehicle operations. On a monthly basis, consumer prices rose by 1.38 percent in April, the most in nine months, following a 0.23 percent gain in March. Meantime, core consumer prices rose by 0.3 percent year-on-year in April, compared with consensus of a 0.18 percent rise and March's figure of 0.09 percent growth.
2021-05-05
Thailand Consumer Prices Drop the Least in 13 Months
Consumer prices in Thailand unexpectedly edged down 0.08 percent year-on-year in March 2021, compared with market estimates of a 0.1 percent gain and after a 1.17 percent fall a month earlier. This was the 13th straight month of deflation but the weakest pace in the sequence, amid government relief measures to contain utility prices. At the same time, food prices fell less (-0.26 percent vs -0.43 percent in February), mostly due to meats, and seasonings and condiments. In contrast, transport cost surged 5.43 percent, after falling 0.98 percent, largely due to vehicles and vehicle operations. On a monthly basis, consumer prices rose by 0.23 percent in March, after a 0.91 percent drop in February. Meantime, core consumer prices rose by 0.09 percent year-on-year, compared with consensus of a 0.08 percent gain.
2021-04-05
Thailand Consumer Prices Fall the Most in 8 Months
Consumer prices in Thailand declined by 1.17 percent year-on-year in February 2021, compared with market estimates of a 0.2 percent drop and after a 0.34 percent fall a month earlier. This was the twelfth straight month of deflation and the steepest rate since June 2020, amid lower food prices and government relief measures to contain utility prices. Meantime, core consumer prices edged up 0.04 percent year-on-year, compared with consensus of a 0.17 percent gain.
2021-03-05

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).