We now forecast Thai GDP growth at -1.0 per cent this year, versus +1.8 per cent previously, with Q1 growth at -3.0 per cent year on year. Yen returns to traditional values. FocusEconomics Consensus Forecast panelists see inflation returning in 2021, with consumer prices rising 1.1%, which is up 0.1 percentage points from last month’s forecast, while in 2022 panelists predict average inflation of 1.2%. 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. ... UKRAINE - 2021/01/18: In this photo illustration, US 100 dollar bills seen on an American flag. This page has economic forecasts for Thailand including a long-term outlook for the next decades, plus medium-term expectations for the next four quarters and short-term market predictions for the next release affecting the Thailand economy. Thailand inflation rate for 2016 was 0.19%, a 1.09% increase from 2015. Thailand: April CPI inflation data and the Bank of Thailand policy decision are today’s highlights. Thailand: Inflation forecast: For that indicator, we provide data for Thailand from 1984 to 2026. ... 5 Year Breakeven Inflation Forecast. Core Inflation Rate in Thailand averaged 2.45 percent from 1985 until 2021, reaching an all time high of 8.54 percent in April of 1998 and a record low of -1.12 percent in July of 2009. Author: Stephen Vogado, Economist Despite rising crude oil and auto fuel prices in India, the research and brokerage house has lowered the consumer price inflation (CPI) forecast for 2021 to 4.9 per cent and to 4.7 per cent for 2022. Data published Monthly by Bureau of Trade and Economic Indices. 5. Chart by author . About Consumer Price Index in Thailand increased to 100 index points in April 2021. Historical Data (index points) by years Core Consumer Prices in Thailand increased to 101 Index Points in April 2021. Published by Aaron O'Neill, Mar 31, 2021 In 2019, the average inflation rate in Thailand amounted to about 0.71 percent compared to the previous … Forecast summary 2019* 2020E 2021E GDP Growth 2.4 -5.3 3.0 (2.8) Headline Inflation 0.7 -1.0 0.3 (0.8) Core Inflation 0.5 -0.1 0.1 (0.7) * Outturn, EEstimation ( ) Monetary Policy Report, December 2019 The Thai economy would significantly contract due primarily to exports of goods and services, before expanding in 2021 For comparison, the world average in based on countries is 0.00 percent. However, he warned that there is a risk of deflation if the economy experiences deep contraction coupled with a delay in recovery. The maximum level was 101 Index Points and minimum was 27.3 Index Points. Consumer prices rose 0.23% over the previous month in March, contrasting February's 0.91% fall. Cost of food in Thailand decreased 0.26 percent in March of 2021 over the same month in the previous year. Online Store Thailand - Inflation Data Manufacturing output fell 0.3% in month-on-month seasonally-adjusted terms in February, which contrasted January's 0.4% increase. The maximum level was 101 index points and minimum was 18.3 index points. Meanwhile, the annual average variation of consumer prices rose to minus 0.6% in April (March: -1.1%), and core inflation rose to 0.3% in April from March’s 0.1% increase. Date Range. Besides India, HSBC has cut 2021 CPI inflation forecasts for Hong Kong, Indonesia, Japan, Singapore, Thailand, and Vietnam. In 2021, the economy is anticipated a growth of 2.2% due to subdued export demand and slower-than-expected recovery of foreign tourism. Twitter By April 2019, inflation slowed to 40% thanks to an increase in oil output. The maximum level was 101 index points and minimum was 18.3 index points. The bank maintained its inflation forecast at -0.9 per cent for this year and +1 per cent for next year The bank expects to see a current-account surplus of US$16.2 billion in 2020 and US$11.6 billion in 2021. Data published Monthly by Bureau of Trade and Economic Indices. For 2021, panelists predict average inflation of 0.8%, which is unchanged from the prior month’s estimate. Merchandise exports jumped 8.5% in annual terms in March, contrasting February’s 2.6% year-on-year decline. Core Inflation Rate in Thailand increased by 0.3 % in April 2021. The maximum level was 4 % and minimum was -3 %. The baht was up 0.3% against the dollar on … The Thai economy Thailand relies less on agriculture and more on employment in … Apr 1998-1.12 %. The maximum level was 26.34 % and minimum was -7.05 %. 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. Thailand Inflation rate, 2019-2021 - knoema.com Data Products Insights Data Partners 0 2283 6824 or 0 2283 6610 He said the BOT believes inflation next year will return to positive, as the five-year forecast is 1.8 per cent, which is close to the target of between 1 and 3 per cent. Download a sample report now. Food Inflation in Thailand increased by 0.4 % in April 2021 over the same month in the previous year. Overview for 13.05.2021, Murrey Math Lines 13.05.2021 (USDCHF, GOLD), Short-term analysis for oil, gold, and EURUSD for 13.05.2021, Forex Technical Analysis & Forecast 13.05.2021, Japanese Candlesticks Analysis 13.05.2021 (USDCAD, AUDUSD, USDCHF), Ichimoku Cloud Analysis 13.05.2021 (GBPUSD, BRENT, NZDUSD), Fibonacci Retracements Analysis 13.05.2021 (Brent, Dow Jones), Dollar plays with time. Thailand inflation rate was at level of -0.4 % in January 2021, up from -0.3 % previous month. GDP declined 4.2% year-on-year in the fourth quarter, coming in above the 6.4% contraction logged in the third quarter and thus continuing the recovery since Q2’s plunge—which had marked the worst reading since the Asian financial crisis in 1997–1998. Thailand inflation rate for 2017 was 0.67%, a 0.48% increase from 2016. Thailand inflation rate for 2019 was 0.71%, a 0.36% decline from 2018. Indonesia tops the forecast for real salary increase at 3.8%, while Singapore and Thailand are tied in second place at 2.7%, according to a new survey from ECA International. Previous. In its March 2021 Monetary Policy Report, the Thai economy was projected to expand 3.0 percent in 2021, thanks to the less restrictive containment measures relative to last year, the additional government measures, and the recovery in merchandise exports in tandem with trading partner economies’ growth. The maximum level was 24.56 % and minimum was -4.38 %. | Privacy Policy | Cookies Policy | Terms & Conditions | Sitemap | RSS feed, Inflation hits highest level since December 2012 in April, Thailand: Manufacturing production rebounds in March; grows in annual terms for first time in 23 months, Thailand: Merchandise exports rebound in March, Thailand: Consumer prices continue to fall in annual terms in March, Thailand: Manufacturing production dips in February. The Finance Ministry slashed its 2021 GDP growth forecast from 2.8 per cent to 2.3 per cent on Thursday, citing the impact of fresh Covid-19 outbreaks on the Thai economy. The Consumer Price Index in Thailand increased 1.38 percent in April of 2021 over the previous month. Inflation Rate Mom in Thailand averaged 0.33 percent from 1976 until 2020, reaching an all time high of 4 percent in June of 1993 and a record low of -3 percent in August of 2008. “Base effects from last year’s plunge in energy prices and the subsequent commodity price recovery lead us to expect annual CPI inflation of 0.9% in 2021 (from -0.8% in 2020). Argentina’s inflation rate is expected to continue to fall to 42.2% in 2020. In November 2018, South Sudan’s inflation rate was 49%. 8.54 %. Looking for forecasts related to Inflation in Thailand? Thailand: GDP declines at softer rate in the fourth quarter. lowered its 2021 growth forecast to 2.5%-3.5% in February, but hasn’t commented yet on the impact of the new outbreak. The inflation rate this year has been forecast to contract by 0.87 per cent, she added. The maximum level was 8.54 % and minimum was -1.12 %. The recovery is slower than previously thought, mainly due to declining Thai merchandise exports … Forecasting Team, Economic and Policy Department Tel. More. How to compare Forex brokers spreads and swaps? Consumer Price Index in Thailand increased to 100 index points in April 2021. Client Log In, Facebook Thailand's Richest. The acceleration was primarily due to rising prices for food and non-alcoholic beverages. The maximum level was 101 Index Points and minimum was 42.9 Index Points. CPI Housing Utilities in Thailand increased to 99.79 Index Points in April 2021. Thailand Inflation Rate: Thailand Inflation Rate year on a year basis -0.34% in … Inflation Rate in Thailand increased by 1.38 % in April 2021 over the previous month. The maximum level was 122 Index Points and minimum was 18.1 Index Points. Jul 2009. Source. 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