Inflation Rate in Thailand decreased by 0.25 percent in June from -0.57 percent in May of 2025. This dataset 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.

Graph and download economic data for Inflation, consumer prices for Thailand (FPCPITOTLZGTHA) from 1960 to 2023 about Thailand, consumer, CPI, inflation, price index, indexes, and price.

In 2019, the average inflation rate in Thailand amounted to about 0.71 percent compared to the previous year, when it was just recovering from a slump below the 0-percent-mark in 2015.

Political turmoil begets economic turmoil

In 2014, after a coup d’etat following months of political crisis, the Thai military took over the country, and the senate and government were dissolved. As a result, Thailand’s economy experienced a sudden downturn, GDP growth and inflation slumped, while unemployment, which is usually delayed in reflecting economic struggles, has been increasing ever since.

Services help stabilization

Apart from the struggles in recent years, Thailand’s economy as a whole is quite stable. Its main GDP generator is the services sector , which includes tourism and telecommunications, and which has shown a stable real GDP growth for the past few years. The new military government also wants to boost the economy further by focusing on high-tech industries and services, with the goal of making Thailand a high-income nation with an economic focus on innovation and growth.

Core consumer prices in Thailand increased 1.06 percent in June of 2025 over the same month in the previous year. This dataset provides the latest reported value for - Thailand Core Inflation Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

The Consumer Price Index in Thailand increased 0.02 percent in June of 2025 over the previous month. This dataset provides the latest reported value for - Thailand Inflation Rate Mom - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Thailand MOF Forecast: Core Inflation: YoY data was reported at 0.700 % in 2018. This records an increase from the previous number of 0.600 % for 2017. Thailand MOF Forecast: Core Inflation: YoY data is updated yearly, averaging 0.850 % from Dec 2013 (Median) to 2018, with 6 observations. The data reached an all-time high of 1.600 % in 2013 and a record low of 0.600 % in 2017. Thailand MOF Forecast: Core Inflation: YoY data remains active status in CEIC and is reported by Ministry of Finance. The data is categorized under Global Database’s Thailand – Table TH.I002: Inflation: Forecast: Ministry of Finance.

Cost of food in Thailand increased 1.64 percent in June of 2025 over the same month in the previous year. This dataset provides the latest reported value for - Thailand Food Inflation - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Thailand TH: Inflation:(GDP) Gross Domestic ProductDeflator: Linked Series data was reported at 2.314 % in 2017. This records a decrease from the previous number of 2.361 % for 2016. Thailand TH: Inflation:(GDP) Gross Domestic ProductDeflator: Linked Series data is updated yearly, averaging 3.656 % from Dec 1990 (Median) to 2017, with 28 observations. The data reached an all-time high of 8.064 % in 1998 and a record low of -2.577 % in 1999. Thailand TH: Inflation:(GDP) Gross Domestic ProductDeflator: Linked Series data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Thailand – Table TH.World Bank.WDI: Inflation. Inflation as measured by the annual growth rate of the GDP implicit deflator shows the rate of price change in the economy as a whole. This series has been linked to produce a consistent time series to counteract breaks in series over time due to changes in base years, source data and methodologies. Thus, it may not be comparable with other national accounts series in the database for historical years.; ; World Bank staff estimates based on World Bank national accounts data archives, OECD National Accounts, and the IMF WEO database.; ;

Inflation rate (GDP deflator) of Thailand plummeted by 74.40% from 4.8 % in 2022 to 1.2 % in 2023. Since the 265.06% surge in 2016, inflation rate (GDP deflator) sank by 53.71% in 2023. Inflation as measured by the annual growth rate of the GDP implicit deflator shows the rate of price change in the economy as a whole. The GDP implicit deflator is the ratio of GDP in current local currency to GDP in constant local currency.

According to a 2023 survey by Rakuten Insight on inflation in Thailand, over half of the female and male respondents indicated that they had to be cautious with their expenses. Around **** percent of the female and ** percent of male survey participants said they were not impacted at all by inflation.

Inflation, consumer prices (annual %) in Thailand was reported at 1.228 % in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources. Thailand - Inflation, consumer prices (annual %) - actual values, historical data, forecasts and projections were sourced from the World Bank on June of 2025.

Key information about Thailand Consumer Price Index CPI growth

• Thailand Consumer Price Index (CPI) growth was measured at 1.1 % YoY in Feb 2025, compared with a rate of 1.3 % in the previous month.
• Thailand Consumer Price Index growth data is updated monthly, available from Jan 1966 to Feb 2025, with an averaged number of 3.2 % YoY.
• The data reached an all-time high of 28.8 % YoY in May 1974 and a record low of -4.4 % YoY in Jul 2009.

CEIC calculates Consumer Price Index Growth from monthly Consumer Price Index. The Trade Policy and Strategy Office provides Consumer Price Index with base 2023=100. Consumer Price Index Growth prior to January 1977 is sourced from the International Monetary Fund. [COVID-19-IMPACT]

According to a 2023 survey by Rakuten Insight on inflation in Thailand, almost 70 percent of the respondents said that household spending that was impacted the most by inflation was the purchase of necessities, including food, clothing, and healthcare. An inability to save money was the least of concerns among the survey participants.

According to a 2023 survey by Rakuten Insight on inflation in Thailand, over half of the respondents indicated that they need to be cautious with their expenses. Almost *** percent of the survey participant said they were unable to cope with inflation.

Headline Inflation Target: Annual Average data was reported at 2.500 % in 2019. This stayed constant from the previous number of 2.500 % for 2018. Headline Inflation Target: Annual Average data is updated yearly, averaging 2.500 % from Dec 2015 (Median) to 2019, with 5 observations. The data reached an all-time high of 2.500 % in 2019 and a record low of 2.500 % in 2019. Headline Inflation Target: Annual Average data remains active status in CEIC and is reported by Bank of Thailand. The data is categorized under Global Database’s Thailand – Table TH.I001: Inflation Target.

Consumer Price Index CPI in Thailand increased to 100.42 points in June from 100.40 points in May of 2025. This dataset provides the latest reported value for - Thailand Consumer Price Index (CPI) - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

In 2023, the consumer price index (CPI) for medical and personal care in Thailand stood at 103.22 index points. In that same year, the overall core consumer price index (CPI) in Thailand was at 107.78 index points.

This dataset is about countries per year in Thailand. It has 64 rows. It features 4 columns: country, inflation, and hospital beds.

Inflation rates in the Association of Southeast Asian Nations (ASEAN) ranged from ** percent inflation in Myanmar to **** percent inflation in Thailand in 2025. Only a few countries are in the 2 to 6 percent range that many economists view as optimal for emerging economies. Effects of high inflation High inflation is generally detrimental to the economy. Prices tend to rise faster than wages, meaning that people and firms have less purchasing power. This in turn leads to slower growth in the gross domestic product (GDP). It also leads to a weaker currency. For countries with a positive trade balance this can be beneficial, because exports are relatively cheaper to foreign buyers. Through the same mechanism, net importers suffer from a weaker currency. Additionally, inflation makes a country’s national debt less expensive if the debt is denominated in the local currency. However, most of this debt is in U.S. dollars, so inflation makes the debt more difficult to service and repay. Risks of deflation With deflation, consumers and firms delay investments because they expect prices to be lower in the future. This slows consumption and investment, two major components of GDP growth. The most common example of this is Japan, where the GDP growth rate has been low for a long time due, in large part, to deflation. For this reason, countries like Brunei would rather see low and stable inflation than slight deflation.

Inflation, GDP deflator: linked series (annual %) in Thailand was reported at 1.2202 % in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources. Thailand - Inflation, GDP deflator: linked series (annual %) - actual values, historical data, forecasts and projections were sourced from the World Bank on June of 2025.