Consumer prices in Thailand fell 0.88% year-on-year in February 2026, exceeding expectations of a 0.50% decline and accelerating from January’s 0.66% drop. This marked the eleventh consecutive month of deflation, the longest stretch since the pandemic, and the sharpest in the sequence, keeping inflation well below the central bank’s 1%–3% target range. The government forecasts that March headline CPI may fall at a slower pace than February and noted that headline inflation could reach the target this year, depending on the Middle East conflict and its impact on oil prices. The ministry added that the country is not in deflation, as core inflation remains positive. Core consumer prices, which exclude volatile items such as food and energy, rose 0.56% year-on-year, slightly above the anticipated 0.50% increase but down from January’s 0.60% gain, marking the smallest rise since July 2024. source: Bureau of Trade and Economic Indices, Ministry of Commerce, Thailand

Inflation Rate in Thailand decreased to -0.88 percent in February from -0.66 percent in January of 2026. Inflation Rate in Thailand averaged 3.70 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 March of 2026.

Inflation Rate in Thailand decreased to -0.88 percent in February from -0.66 percent in January of 2026. Inflation Rate in Thailand is expected to be -0.30 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
2026-02-05 03:30 AM
Inflation Rate YoY
Jan -0.66% -0.28% -0.40% 0.0%
2026-03-05 03:30 AM
Inflation Rate YoY
Feb -0.88% -0.66% -0.5% -0.4%
2026-04-07 03:30 AM
Inflation Rate YoY
Mar -0.88% -0.3%


Related Last Previous Unit Reference
Core Inflation Rate YoY 0.56 0.60 percent Feb 2026
CPI Transportation 97.06 97.02 points Feb 2026
Food Inflation 0.26 0.92 percent Feb 2026
Inflation Rate YoY -0.88 -0.66 percent Feb 2026
Inflation Rate MoM -0.24 -0.28 percent Feb 2026
Producer Prices 109.00 109.40 points Dec 2025
Producer Prices Change -1.80 -1.60 percent Dec 2025


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
-0.88 -0.66 24.56 -4.38 1977 - 2026 percent Monthly
NSA

News Stream
Thailand CPI Falls Sharply in February
Consumer prices in Thailand fell 0.88% year-on-year in February 2026, exceeding expectations of a 0.50% decline and accelerating from January’s 0.66% drop. This marked the eleventh consecutive month of deflation, the longest stretch since the pandemic, and the sharpest in the sequence, keeping inflation well below the central bank’s 1%–3% target range. The government forecasts that March headline CPI may fall at a slower pace than February and noted that headline inflation could reach the target this year, depending on the Middle East conflict and its impact on oil prices. The ministry added that the country is not in deflation, as core inflation remains positive. Core consumer prices, which exclude volatile items such as food and energy, rose 0.56% year-on-year, slightly above the anticipated 0.50% increase but down from January’s 0.60% gain, marking the smallest rise since July 2024.
2026-03-05
Thailand Consumer Prices Fall Faster in January
Consumer prices in Thailand fell 0.66% year-on-year in January 2026, larger than the expected 0.40% drop and accelerating from a 0.28% decline in December. This marked the tenth consecutive month of deflation, the longest stretch since the pandemic, and the steepest in three, keeping inflation well below the central bank’s 1%–3% target range. The Commerce Ministry said the decline was driven by lower energy prices and government measures to ease living costs. Consumer prices are projected to continue easing in the first quarter, with inflation expected to turn slightly positive in the second quarter. Meanwhile, core consumer prices, which exclude volatile items such as food and energy, continued to rise, up 0.60% year-on-year, slightly above both forecasts and December’s 0.59% increase.
2026-02-05
Thailand CPI Falls Less Than Forecast
Consumer prices in Thailand fell 0.28% year-on-year in December 2025, smaller than the expected 0.40% decline and easing from a 0.49% decrease in November. This marked the ninth consecutive month of falling prices, keeping inflation well below the central bank’s 1%–3% target range. Downward pressure came from a 1.43% annual drop in non-food and beverage prices, led by energy costs such as electricity and fuel. Costs also declined for personal care, clothing, and cleaning products amid strong market competition. Conversely, food and non-alcoholic beverages rose 1.53%, driven by higher prices for fresh vegetables, prepared foods, drinks, and some seafood. Meanwhile, core consumer prices, which exclude volatile items such as food and energy, continued to rise 0.59% annually in December, below the forecasted 0.69% and down from a 0.66% gain in November.
2026-01-07