Latest reading: Consumer prices were up 1.7% in annual terms in July, following a 1.5% increase in the previous month....
Inflation in Thailand
Consumer price inflation in Thailand averaged 1.1% in the ten years to 2024, in line with the ASEAN regional average of 3.0%. The 2024 average figure was 0.4%. For more information on inflation, visit our dedicated page.
Thailand Inflation Chart
Note: This chart displays Inflation Rate (CPI, annual variation in %) for Thailand from 2014 to 2025.
Source: Macrobond.
Thailand Inflation Data
| 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|
| Inflation (CPI, ann. var. %, aop) | 1.2 | 6.1 | 1.2 | 0.4 | -0.1 |
| Inflation (CPI, ann. var. %, eop) | 2.2 | 5.9 | -0.8 | 1.2 | -0.3 |
| Inflation (Core, ann. var. %, aop) | 0.2 | 2.5 | 1.3 | 0.6 | 0.8 |
| Inflation (PPI, ann. var. %, aop) | 4.7 | 10.4 | -2.4 | 1.6 | -2.3 |
Inflation eases in July from June
Latest reading: Consumer prices increased 1.9% in annual terms in July, following a 2.4% rise in the prior month. Relative to the previous month's data, there were milder price pressures for housing and utilities (+0.1% on a year-on-year basis vs +0.2% in June) and transportation and communication (+4.8% vs +8.8% in June). In contrast, there were higher price pressures for food and beverages (+2.0% vs +1.0% in June) and recreation and education (+1.0% vs +0.7% in June). Meanwhile, core consumer prices increased 1.3% on a year-on-year basis in July, following a 1.2% rise in the previous month. Lastly, consumer prices were down 0.73% in July on a month-on-month basis, following a 0.34% decline in the previous month.
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 37 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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Thailand: Inflation eases in July from June Latest reading: Consumer prices increased 1.9% in annual terms in July, following a 2.4% rise in the prior month. Relative... -
Chile: Inflation decelerates in July from the prior month Latest reading: Consumer prices rose 3.5% on a year-on-year basis in July, following a 4.3% rise in the previous month....