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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
ThailandThailand Inflation Rate MoM climbed to -0.25% in November 2023
FMPMonthlyReleased December 2023
Thailand Inflation Rate MoM climbed to -0.25% in November 2023, released December 2023, up 0.03% from October's -0.28% reading. The print came in hotter than the -0.3% consensus, a hotter print than forecasters anticipated. The print is running well below the 12-month average of 0.32%. Inflation Rate MoM is now the lowest in 22 months.
Latest Release
-0.25
Actual
-0.3
Consensus
-0.28
Previous
Sigmacast Track Record
Sigmacast track record will appear here once this indicator has been released 3+ times since Sigmanomics began tracking.
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Signal Bias | Action |
|---|---|---|---|---|---|
| EUR/USD | ▲ Direct | +0.30 | FOREX | Watch | → View |
| USD/JPY | ▼ Inverse | −0.30 | FOREX | Watch | → View |
| XAU/USD | ▲ Direct | +0.30 | COMMODITIES | Watch | → View |
| S&P 500 | ▲ Direct | +0.30 | INDEX | Watch | → View |
| BTC/USD | ▲ Direct | +0.30 | CRYPTO | Watch | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Inflation Rate MoM (Thailand) was reported at -0.25% in December 2023. This beat the market consensus of -0.3% by 0.05%. The reading rose from the previous value of -0.28%.
WHY IT MATTERS
The trailing three releases averaged -0%, down from the prior three at 0.14%.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with BTC/USD (Watch). A secondary relationship exists with USD/JPY, negatively correlated (Watch).
WHAT TO WATCH NEXT
Same-country events in the next 14 days include Interest Rate Decision (Jun 24).
Auto-generated from current model state · Refreshes on each release · Last update December 2023.
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Inflation Rate MoM - TH
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About Inflation Rate MoM — Thailand
DEFINITION
The Inflation Rate MoM (Month-over-Month) is a financial indicator that measures the percentage change in the overall price level of goods and services in a given economy from one month to the next. It is a key measure of inflation and provides insight into the rate at which prices are rising or falling, which can impact consumer purchasing power and overall economic stability. This indicator is closely monitored by economists, policymakers, and investors to assess the health of an economy and make informed decisions.
WHY THIS INDICATOR MATTERS
Inflation prints feed directly into central-bank policy expectations and real-yield calculations, and are among the most rate-sensitive releases on the calendar. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Nov 2023): actual -0.25 %, consensus -0.3 %. Prior reading (Jan 2023): 0.3 %. Before that (Jan 2023): 0.3 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a materially lower reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bearish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary headwind in the current projection.