Thailand inflation rate for 2017 was 0.67%, a 0.48% increase from 2016. Consumer prices increased 0.66% in July over the previous month, slowing from June's 1.56% rise. The governor of the Bank of Thailand BoT conceded that the Monetary Policy Committee must raise the policy interest rate to ensure that the country's core inflation rate stays in a … Backlinks from other websites and blogs are the lifeblood of our site and are our primary source of new traffic.If you use our datasets on your site or blog, we ask that you provide attribution via a link back to this page. Bank of Thailand, the central bank, has projected that the economy will contract by 8.1% this year. On an annual basis, manufacturing output’s fall decelerated to 17.7% in June (May: -23.8% yoy). The Monetary Policy Committee raised the interest rate by 0.25 per cent at its last two meetings, in July and August, consecutively. Thailand inflation rate for 2016 was 0.19%, a 1.09% increase from 2015.
Click on the button below to get started. The Kasikorn Research Center made an assessment on the impact to the Thai economy based on two scenarios. Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Thailand inflation rate for 2019 was 0.71%, a 0.36% decline from 2018. We have provided a few examples below that you can copy and paste to your site:Your data export is now complete. In fact, average core month-on-month (annualized) inflation in Thailand has been -0.6 percent in 2009 compared to 2.0 percent in Korea, 3.8 percent in Indonesia, and 1.9 percent in the Philippines. Thailand's economic growth rate could slow to 2.9% this year and be 3.0% in 2020, reflecting external and domestic headwinds, the International Monetary Fund said. Read more At its 5 August meeting, the Monetary Policy Committee of the Bank of Thailand (BoT) decided to hold the policy rate at a record low of 0.50%, having cut the rate by 75 basis points since the start of the year. A World Bank economist in Thailand is warning even if tensions ease in the Middle East, oil prices will remain high due to high demand from China, India and other industrialized countries. Please check your download folder. Consumer prices increased 1.56% in June over the previous month, accelerating from May's 0.01% rise. Thailand’s core inflation in November was 2.8 per cent and core inflation for the year 2010 overall is likely to stay at 3.4 per cent on average, and will tend to grow in the future. The bank expects negative 1.7% inflation for the year, well below its 1-3% target. At its 5 August meeting, the Monetary Policy Committee of the Bank of Thailand (BoT) decided to hold the policy rate at a record low of 0.50%, having cut the rate by 75 basis points since the start of the year. Backlinks from other websites and blogs are the lifeblood of our site and are our primary source of new traffic.If you use our chart images on your site or blog, we ask that you provide attribution via a link back to this page. Inflation as measured by the consumer price index reflects the annual percentage change in the cost to the average consumer of acquiring a basket of goods and services that may be fixed or changed at specified intervals, such as yearly. We have provided a few examples below that you can copy and paste to your site:Your image export is now complete. FocusEconomics Consensus Forecast panelists see consumer prices falling 1.3% in 2020, which is down 0.2 percentage points from last month’s forecast. BANGKOK, Sept. 17 (Xinhua) -- A think tank affiliated with the Kasikorn Bank said on Tuesday that Thailand's inflation rate will increase 0.3 percent as a result of the surge in global oil prices following Saudi oil attacks. The result was largely driven by milder price pressures for housing and furnishings, partially offset by rising prices for food and non-alcoholic beverages. Thailand: Central Bank holds rates steady in August. Please check your download folder. Consumer prices increased 0.66% in July over the previous month, slowing from June's 1.56% rise.
The Laspeyres formula is generally used. Thailand inflation rate for 2018 was 1.06%, a 0.4% increase from 2017. August 5, 2020. Thai Baht Inflation Calculator , this calculator will help you assess the purchasing power of the Thai Baht from 1960 towards 2018. Merchandise exports dived 23.2% over the same month last year in June (May: -22.5% year-on-year). For 2021, panelists predict average inflation of 0.9%.5 years of economic forecasts for more than 30 economic indicators.Get a sample report showing our regional, country and commodities data and analysis. High oil and commodity prices are contributing to inflation, which is now seen as a key concern in Thailand and throughout the region.