Thailand’s annual inflation rate surged to 3.9% in October 2026 from 2.82% in September, exceeding market expectations of 3.33% and breaching the Bank of Thailand’s 1%-3% target range for the first time in more than three years. The reading marked the highest level since January 2023. The acceleration was driven largely by higher oil prices and flood-related increases in food costs, reflecting elevated raw material costs and the impact of the conflict in the Middle East. Meanwhile, annual core inflation rose to 1.58% from 1.50% in September, remaining its highest level since May 2023 but remaining slightly below market forecasts of 1.6%. The Commerce Ministry expects headline inflation to average 1.8%-2.2% in 2026, although price pressures may remain elevated through year-end partly due to a low base effect. Despite the breach, officials expect the increase to be temporary, while the Bank of Thailand has maintained its policy rate at 1% amid subdued domestic demand. source: Bureau of Trade and Economic Indices, Ministry of Commerce, Thailand

Inflation Rate in Thailand increased to 3.90 percent in October from 2.82 percent in September 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 November of 2026.

Inflation Rate in Thailand increased to 3.90 percent in October from 2.82 percent in September of 2026. Inflation Rate in Thailand is expected to be 2.50 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
2026-10-06 03:30 AM
Inflation Rate YoY
Sep 2.82% 2.53% 3.1% 2.8%
2026-11-06 02:55 AM
Inflation Rate YoY
Oct 3.90% 2.82% 3.2% 3.2%
2026-12-04 03:30 AM
Inflation Rate YoY
Nov 3.90%


Related Last Previous Unit Reference
Core Inflation Rate YoY 1.58 1.50 percent Oct 2026
CPI Clothing 97.65 97.70 points Oct 2026
CPI Food 106.10 104.94 points Oct 2026
CPI Health 98.67 99.49 points Oct 2026
CPI Transportation 108.18 105.98 points Oct 2026
Food Inflation 4.26 3.07 percent Oct 2026
Inflation Rate YoY 3.90 2.82 percent Oct 2026
Inflation Rate MoM 0.94 0.25 percent Oct 2026
Producer Prices 116.80 115.40 points Sep 2026
Producer Prices Change 10.50 9.10 percent Sep 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
3.90 2.82 24.56 -4.38 1977 - 2026 percent Monthly
NSA

News Stream
Thailand Inflation Climbs to Over 3-Year High
Thailand’s annual inflation rate surged to 3.9% in October 2026 from 2.82% in September, exceeding market expectations of 3.33% and breaching the Bank of Thailand’s 1%-3% target range for the first time in more than three years. The reading marked the highest level since January 2023. The acceleration was driven largely by higher oil prices and flood-related increases in food costs, reflecting elevated raw material costs and the impact of the conflict in the Middle East. Meanwhile, annual core inflation rose to 1.58% from 1.50% in September, remaining its highest level since May 2023 but remaining slightly below market forecasts of 1.6%. The Commerce Ministry expects headline inflation to average 1.8%-2.2% in 2026, although price pressures may remain elevated through year-end partly due to a low base effect. Despite the breach, officials expect the increase to be temporary, while the Bank of Thailand has maintained its policy rate at 1% amid subdued domestic demand.
2026-11-06
Thailand Inflation Picks Up in September
Thailand’s annual inflation rate rose to 2.82% in September 2026 from 2.53% in August, but came in below market expectations of 3.10%. The reading marked the highest level since April, bringing inflation closer to the upper end of the Bank of Thailand’s 1%-3% target range. The acceleration was driven largely by higher oil and processed food prices, reflecting elevated raw material costs and the impact of the conflict in the Middle East. Meanwhile, annual core inflation rose to 1.50% from 1.44% in August, reaching its highest level since May 2023 but remaining slightly below market forecasts of 1.54%. Headline inflation is expected to accelerate further in the fourth quarter, with October’s rate projected to rise from September’s level, Trade Policy and Strategy Office chief Nantapong Chiralerspong said. He added that recent flooding is expected to have only a limited impact on inflation. The Commerce Ministry expects headline inflation to average 1.80%-2.20% this year.
2026-10-06
Thailand Inflation Rate at 3-Month High
Thailand’s annual inflation rate accelerated for the first time in four months to 2.53% in August 2026, from 1.95% in July, surpassing market expectations of 2.2%. It was the fastest increase since May, boosted by higher domestic fuel prices amid rising oil prices due to the ongoing conflict in the Middle East. However, the latest reading remained within the Bank of Thailand’s 1%-3% target range. Non-food inflation rose by 2.23%, while food and non-alcoholic beverages inflation increased by 2.99%. Meanwhile, the annual core inflation rate, which excludes volatile energy and fresh food prices, accelerated to 1.44% in August 2026 from 1.34% in July, marking the highest reading since May 2023 and exceeding forecasts of 1.33%. Thailand's Ministry of Commerce maintained its 2026 headline inflation forecast at 1.5%-2.5%, with a 2.0% midpoint. On a monthly basis, consumer prices rose 0.56%, rebounding from a 0.73% decline in July and marking the fastest increase in four months.
2026-09-07