The annual inflation rate in Thailand eased to 1.95% in July 2026 from 2.42% in June and below market expectations of 2.55%. The reading remained within the Bank of Thailand’s 1%-3% target range, with Nantapong Chiralerspong, director-general of the Commerce Ministry, attributing the slowdown mainly to a sharp decline in domestic fuel prices in July, in line with lower global oil prices. Thailand had been particularly vulnerable to the shock due to its reliance on crude oil imports from the region, with higher energy costs earlier this year lifting inflation after a year-long period of deflation. Meanwhile, core inflation, which excludes volatile energy and fresh food prices, accelerated to 1.34% in July from 1.23% in June, reflecting higher input costs for personal-care products and prepared food. On a monthly basis, consumer prices fell 0.73%, following a 0.34% decline in June. The Commerce Ministry expects headline inflation to rise in August and sees it averaging 2.09% in Q3. source: Bureau of Trade and Economic Indices, Ministry of Commerce, Thailand

Inflation Rate in Thailand decreased to 1.95 percent in July from 2.42 percent in June of 2026. Inflation Rate in Thailand averaged 3.68 percent from 1977 until 2026, reaching an all time high of 24.56 percent in June of 1980 and a record low of -4.38 percent in July of 2009. This page provides the latest reported value for - Thailand Inflation Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Thailand Inflation Rate - data, historical chart, forecasts and calendar of releases - was last updated on August of 2026.

Inflation Rate in Thailand decreased to 1.95 percent in July from 2.42 percent in June of 2026. Inflation Rate in Thailand is expected to be 2.60 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Thailand Inflation Rate is projected to trend around 1.90 percent in 2027 and 2.10 percent in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-07-06 03:30 AM
Inflation Rate YoY
Jun 2.42% 2.79% 4%
2026-08-05 03:20 AM
Inflation Rate YoY
Jul 1.95% 2.42% 2.55% 2.5%
2026-09-07 03:30 AM
Inflation Rate YoY
Aug 1.95%


Related Last Previous Unit Reference
Core Inflation Rate YoY 1.34 1.23 percent Jul 2026
CPI Clothing 97.81 97.82 points Jul 2026
CPI Food 103.94 103.53 points Jul 2026
CPI Health 99.15 99.51 points Jul 2026
CPI Transportation 102.67 106.69 points Jul 2026
Food Inflation 2.04 1.03 percent Jul 2026
Inflation Rate YoY 1.95 2.42 percent Jul 2026
Inflation Rate MoM -0.73 -0.34 percent Jul 2026
Producer Prices 113.80 114.30 points Jul 2026
Producer Prices Change 7.26 7.22 percent Jul 2026


Thailand Inflation Rate
In Thailand, the most important categories in the Consumer Price index are Food & Non-alcoholic Beverages (40% of the total weight), Housing & Furnishing (23%), Transportation & Communications (23%). Others include: Medical & Personal Care (6%); Recreation & Education (5%); Apparel & Footwear (2%); and Tobacco & Alcoholic Beverages (1%).
Actual Previous Highest Lowest Dates Unit Frequency
1.95 2.42 24.56 -4.38 1977 - 2026 percent Monthly
NSA

News Stream
Thailand Inflation Rate Cools in July
The annual inflation rate in Thailand eased to 1.95% in July 2026 from 2.42% in June and below market expectations of 2.55%. The reading remained within the Bank of Thailand’s 1%-3% target range, with Nantapong Chiralerspong, director-general of the Commerce Ministry, attributing the slowdown mainly to a sharp decline in domestic fuel prices in July, in line with lower global oil prices. Thailand had been particularly vulnerable to the shock due to its reliance on crude oil imports from the region, with higher energy costs earlier this year lifting inflation after a year-long period of deflation. Meanwhile, core inflation, which excludes volatile energy and fresh food prices, accelerated to 1.34% in July from 1.23% in June, reflecting higher input costs for personal-care products and prepared food. On a monthly basis, consumer prices fell 0.73%, following a 0.34% decline in June. The Commerce Ministry expects headline inflation to rise in August and sees it averaging 2.09% in Q3.
2026-08-05
Thailand Inflation Rate Slows in June
Consumer prices in Thailand rose 2.42% year-on-year in June 2026, marking the third consecutive month of inflation after emerging from a year-long deflationary streak, although at the slowest pace of the sequence. The reading also remained within the central bank's 1%-3% target range, as easing tensions in the Middle East and the gradual reopening of the Strait of Hormuz pushed global crude oil prices lower, causing energy prices to continue falling. Still, the ministry reaffirmed its full-year inflation forecast of 1.5%-2.5%, while Deputy Trade Policy and Strategy Office head Natiya Suchinda said headline inflation is expected to continue edging higher, averaging 2.79% in the third quarter and 3.02% in the fourth quarter. Meanwhile, core inflation, which excludes volatile items such as food and energy, accelerated to 1.23% year-on-year from 0.92% in May, marking the fastest increase since June 2023.
2026-07-06
Thailand Inflation Surprisingly Slows to 2.79%
Consumer prices in Thailand rose 2.79% year-on-year in May 2026, easing from 2.89% in April and defying market expectations of a 3.90% increase. This marked the second consecutive month of inflation after emerging from a year-long deflationary streak, but remained within the central bank's 1%–3% target range. DBS noted that higher domestic fuel costs likely pushed inflation higher in May, while increased transport and input expenses may have encouraged businesses to pass on part of the burden to consumers. On a monthly basis, the CPI rose 0.17%, easing from a 2.75% jump in April. Core inflation, which excludes volatile items such as food and energy, rose to an 11-month high of 0.92% in May, slightly exceeding the forecast of 0.90%. Looking ahead, headline inflation in June was expected to reach as high as 3%, according to the head of the Trade Policy and Strategy Office. The ministry kept its full-year inflation forecast unchanged at 1.5%–2.5%.
2026-06-05