Someone asked a question today about what the inflation rate in Thailand is, both the official rate and the gut feel rate. That got me thinking because I know that the official rate is mentioned now and then in the Thai media and from what I recall it has been around 3.5 to 4.0 % for the past few years. My gut feel is that seems about right but maybe a little on the low side, that maybe it has been running higher based on my own sampling of prices. I ended up finding this chart of the offical rate:
It has fluctuated wildly over the last 10 years, over 9% in 2008 to a negative 4% in 2009. That’s the official rate. And yes it does look like it has been flat at a little under 4% for the last couple of years. I’m not sure what the big drop to negative inflation rate means because I sure did not see any price reduction at the time.