Fall in consumer prices softens in March

Latest reading: Consumer prices fell 0.1% in annual terms in March, following a 0.9% decline in the prior month. March's reading was the strongest in a year. Relative to the previous month's data, there were higher price pressures for housing and utilities (-0.5% on a year-on-year basis vs -1.1% in February) and transportation and communication (0.0% vs -2.9% in February). In contrast, price pressures eased for recreation and education in March (+0.6% vs +0.9% in February). Finally, the change in food and beverages prices was the same as in the prior month (+0.3% in March and February). Meanwhile, core consumer prices increased 0.6% on a year-on-year basis in March, unchanged from the prior month's reading. Finally, consumer prices rose 0.60% in March on a month-on-month basis, following a 0.24% fall in the prior month.

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 35 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.