Thailand: Inflation drops to lowest level since April in August
Inflation fell to 0.4% in August, below July’s 0.8%. August’s figure represented the lowest inflation rate since April. Looking at...
Inflation in Thailand
Consumer price inflation in Thailand averaged 1.2% in the ten years to 2022, below the Asia-Pacific regional average of 2.1%. The 2022 average figure was 6.1%. For more inflation information, visit our dedicated page.
Thailand Inflation Chart
Note: This chart displays Inflation Rate (CPI, annual variation in %) for Thailand from 2014 to 2023.
Source: Macrobond.
Thailand Inflation Data
| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Inflation (CPI, ann. var. %, aop) | 0.7 | -0.8 | 1.2 | 6.1 | 1.2 |
| Inflation (CPI, ann. var. %, eop) | 0.9 | -0.3 | 2.2 | 5.9 | -0.8 |
| Inflation (Core, ann. var. %, aop) | 0.5 | 0.3 | 0.2 | 2.5 | 1.3 |
| Inflation (PPI, ann. var. %, aop) | -0.7 | -1.6 | 4.7 | 10.4 | -2.4 |
Consensus Forecasts and Projections for the next ten years
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Thai inflation projections for the next ten years from a panel of 33 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable inflation forecast available for Thai inflation.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Thai inflation projections.
Want to get access to the full dataset of Thai inflation forecasts? Send an email to info@focus-economics.com.
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