Thailand inflation jumps in February
Inflation more than doubled from 0.3% in January to 0.7% in February, but remained below the Bank of Thailand’s 1.0%–4.0% target range. Lastly, core inflation, which excludes raw food and energy, edged down from 0.7% in January to 0.6% in February.
The Bank of Thailand sees inflation at 1.0% in 2019. FocusEconomics Consensus Forecast panelists expect inflation to average 1.1% in 2019, which is unchanged from last month’s forecast. For 2020, panelists predict average inflation of 1.5%. ■