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4 Dec 2024

Thai Economy

Thailand's inflation accelerated steadily to 0.95% YoY in November 2024; average inflation rates for full-year 2024 and 2025 projected at 0.5% and 0.7% (Business Brief No.4102 Full Ed.)

คะแนนเฉลี่ย

Thailand's inflation accelerated steadily to 0.95% YoY in November 2024; average inflation rates for full-year 2024 and 2025 projected at 0.5% and 0.7%
  • Thailand's headline inflation accelerated to 0.95 percent YoY in November 2024, marking a 3-month high. The increase was driven by higher energy and fresh food prices compared to the same period of last year.
  • The average inflation rate for 2024 is expected to stay almost on par with our prior estimate of 0.5 percent. The inflation rate for December 2024 is projected to accelerate steadily due to the low base effect of energy prices and supporting factors from the high season.
  • KResearch is of the view that the average headline inflation rate for 2025 may increase slightly to approximately 0.7 percent as the government is expected to keep domestic energy prices almost unchanged from the current levels while fresh food prices are projected to increase.

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Thai Economy