Consumer prices in Thailand edged down 0.08% in March 2026, easing from a 0.88% decline in February and defying forecasts of a 0.20% gain. This marked a year-long deflation, the longest stretch since the pandemic, but the softest decline in that sequence. Inflation remains well below the central bank's 1%-3% target range. Thailand’s reliance on crude oil imports from the Middle East has exposed the country to higher energy costs, with domestic diesel prices surging 36% since late February. The Bank of Thailand now expects inflation to return to its target range faster than previously projected, partly due to rising oil prices, though it had earlier anticipated that headline inflation would only reach target levels in the second half of 2027. Meanwhile, core consumer prices, which exclude volatile items such as food and energy, rose 0.57%, slightly above February’s 0.56% increase but below the expected 0.70%, marking the smallest growth since July 2024. source: Bureau of Trade and Economic Indices, Ministry of Commerce, Thailand

Inflation Rate in Thailand decreased by 0.08 percent in March from -0.88 percent in February of 2026. Inflation Rate in Thailand averaged 3.69 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 April of 2026.

Inflation Rate in Thailand decreased by 0.08 percent in March from -0.88 percent in February of 2026. Inflation Rate in Thailand is expected to be 1.90 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 2.50 percent in 2027 and 2.10 percent in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
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 -0.08% -0.88% 0.2% -0.3%
2026-05-05 03:30 AM
Inflation Rate YoY
Apr -0.08%


Related Last Previous Unit Reference
Core Inflation Rate YoY 0.57 0.56 percent Mar 2026
CPI Transportation 99.45 97.06 points Mar 2026
Food Inflation 0.34 0.26 percent Mar 2026
Inflation Rate YoY -0.08 -0.88 percent Mar 2026
Inflation Rate MoM 0.60 -0.24 percent Mar 2026
Producer Prices 114.50 108.30 points Mar 2026
Producer Prices Change 6.02 -0.46 percent Mar 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
-0.08 -0.88 24.56 -4.38 1977 - 2026 percent Monthly
NSA

News Stream
Thailand CPI Unexpectedly Falls
Consumer prices in Thailand edged down 0.08% in March 2026, easing from a 0.88% decline in February and defying forecasts of a 0.20% gain. This marked a year-long deflation, the longest stretch since the pandemic, but the softest decline in that sequence. Inflation remains well below the central bank's 1%-3% target range. Thailand’s reliance on crude oil imports from the Middle East has exposed the country to higher energy costs, with domestic diesel prices surging 36% since late February. The Bank of Thailand now expects inflation to return to its target range faster than previously projected, partly due to rising oil prices, though it had earlier anticipated that headline inflation would only reach target levels in the second half of 2027. Meanwhile, core consumer prices, which exclude volatile items such as food and energy, rose 0.57%, slightly above February’s 0.56% increase but below the expected 0.70%, marking the smallest growth since July 2024.
2026-04-07
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