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.
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].
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