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6 Feb 2025

Thai Economy

Inflation accelerated to 1.32% YoY in January 2025 due to the low base effect; KResearch maintains 2025 inflation forecast at 0.7% (Business Brief No.4123 Full Ed.)

คะแนนเฉลี่ย
•    Thailand’s headline inflation rose to 1.32 percent YoY in January 2025, while core inflation increased to 0.83 percent YoY, primarily driven by the low base effect of January 2024.

•    KResearch views that inflation is likely to decline after the low base effect of 1Q25 dissipates. We thus maintain our projection for headline inflation in 2025 at 0.7 percent.

•    Additionally, the government may reduce domestic energy prices, while global crude oil prices are set to decline due to the potential increase in oil supply from the US and slowing global demand despite  ongoing geopolitical uncertainties.

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Thai Economy