Thailand Inflation August 2022

Thailand

Thailand: Inflation comes in at highest level since July 2008 in August

September 8, 2022

Inflation came in at 7.9% in August, which was up from July’s 7.6%. August's result was the highest inflation rate since July 2008.

The trend pointed up, with annual average inflation coming in at 4.8% in August (July: 4.2%). Finally, core inflation rose to 3.1% in August, from the previous month's 3.0%.

Consumer prices rose 0.05% from the previous month in August, contrasting the 0.16% drop seen in July.

FocusEconomics Consensus Forecast panelists project inflation to average 5.3% in 2022, up 0.6 percentage points from last month’s forecast, while for 2023, panelists project average inflation of 2.1%.


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