Latest reading: Inflation eased to 1.5% in May, below April’s 2.0%. May’s figure marked the weakest inflation rate since March...
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 [email protected].
Latest Global Inflation News
-
Taiwan: Inflation declines to lowest level since March 2021 in May -
Switzerland: Consumer prices record first annual decline since March 2021 in May Latest reading: Consumer prices fell 0.1% year-on-year in May, swinging from April’s flat reading. May’s result represented the first such... -
Chile: Inflation falls to lowest level since November 2024 in May Latest reading: Inflation came in at 4.4% in May, down from April’s 4.5%. May’s result represented the lowest inflation rate... -
Costa Rica: Consumer prices fall for the first time since November 2024 in May Latest reading: Consumer prices fell 0.1% on an annual basis in May, swinging from April’s 0.4% increase. May’s result marked... -
Egypt: Inflation accelerates again in May Latest reading: Inflation accelerated for the third consecutive month in May, hitting a four-month high of 16.9% from April’s 13.9%.... -
Turkey: Inflation declines to lowest level since November 2021 in May Latest reading: Inflation came in at 35.4% in May, which was down from April’s 37.9%. May’s figure marked the lowest... -
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...