Thailand’s consumer price index rose 2.42% from a year earlier in June 2026, slowing from 2.79% in May and coming in below market expectations of around 2.7% to 2.87%, according to the Commerce Ministry and Reuters.
The headline CPI index stood at 102.85 in June, while core CPI, which excludes fresh food and energy, rose 1.23% year on year with an index level of 102.68. For the first half of 2026, headline inflation averaged 1.08% and core inflation averaged 0.79%. The June headline reading remained within the Bank of Thailand’s 1% to 3% target range.
The Trade Policy and Strategy Office said higher retail fuel prices compared with a year earlier and broader increases in prepared-food prices were the main contributors to June inflation. Compared with May, prices of 194 items increased, 151 declined and 119 were unchanged out of 464 items surveyed.
The Commerce Ministry kept its 2026 headline inflation forecast at 1.5% to 2.5%. The June data followed the Bank of Thailand’s June 24 decision to keep the policy rate unchanged at 1.00% in a unanimous 7-0 vote.