Latest reading: Inflation accelerated for the third consecutive month in May, hitting a four-month high of 16.9% from April’s 13.9%....
Inflation in Thailand
In the year 2024, the inflation in Thailand was 0.40%, compared to 1.89% in 2014 and 1.23% in 2023. It averaged 1.06% over the last decade. For more inflation information, visit our dedicated page.
Thailand Inflation Chart
Note: This chart displays Inflation Rate (CPI, annual variation in %) for Thailand from 2014 to 2024.
Source: Macrobond.
Thailand Inflation Data
| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Inflation (CPI, ann. var. %, aop) | -0.8 | 1.2 | 6.1 | 1.2 | 0.4 |
| Inflation (CPI, ann. var. %, eop) | -0.3 | 2.2 | 5.9 | -0.8 | 1.2 |
| Inflation (Core, ann. var. %, aop) | 0.3 | 0.2 | 2.5 | 1.3 | 0.6 |
| Inflation (PPI, ann. var. %, aop) | -1.6 | 4.7 | 10.4 | -2.4 | 1.6 |
Consumer prices register largest decline since March 2024 in April
Latest reading: Consumer prices fell 0.2% on an annual basis in April, swinging from March’s 0.8% rise. April's figure marked the largest fall in consumer prices since March 2024. The moderation was broad-based: Price pressures for food and beverages eased, housing and utilities costs swung into decline, and transportation prices fell at a quicker pace. Annual average inflation edged down to 0.8% in April (March: 0.9%). Meanwhile, core inflation ticked up to 1.0% in April from the previous month's 0.9%. Finally, consumer prices fell 0.21% in April over the previous month, a sharper drop than the 0.20% drop seen in March. April's result marked the weakest reading since June 2024.
Consensus Forecasts and Projections for the next ten years
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Thai inflation projections for the next ten years from a panel of 34 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable inflation forecast available for Thai inflation.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Thai inflation projections.
Want to get access to the full dataset of Thai inflation forecasts? Send an email to info@focus-economics.com.
Latest Global Inflation News
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Euro Area: Harmonized inflation drops to lowest level since September 2024 in May Latest reading: Harmonized inflation fell to 1.9% in May, slightly below April’s 2.2% and the ECB’s 2.0% target. May’s result... -
Kazakhstan: Inflation rises to a near two-year high in May Latest reading: Inflation climbed to 11.3% in May from April’s 10.7%, marking the highest rate since September 2023. The reading... -
Poland: Inflation eases in May Latest reading: Inflation came in at 4.1% in May, below April’s 4.3% but above the 3.5% upper bound of the... -
Kenya: Inflation eases and remains below midpoint of target range in May Latest reading: Inflation eased to 3.8% in May from April’s eight-month high of 4.1%. As a result, the reading remained... -
Australia: Inflation remains steady and within target in April Latest reading: Inflation was stable at 2.4% for the third consecutive month in April, slightly above market estimates but remaining...