Inflation Thailand 2020
Average inflation: -0.8%
Current Inflation
There is deflation with consumer prices declining by 0.8%.
Peak and Trough
The highest inflation was in January at 1.1%. The lowest inflation was in May at -3.4%.
- Highest month
- January: 1.1%
- Lowest month
- May: -3.4%
- Difference
- 4.5 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Food with an average of 1.2%. The lowest price increase was in Energy with an average of -1.0%.
- Highest increase
- Food: 1.2%
- Lowest increase
- Energy: -1.0%
Historical Context
Current inflation is 1.2% lower than the 5-year average of 0.4%.
- 5-year average
- 0.4%
- 10-year average
- 1.2%
- All-time high (2011)
- 3.8%
- All-time low (2015)
- -0.9%
Trend
Inflation shows a downward trend. Compared to 2019, inflation has fallen by +1.5 percentage point.
- Change vs. previous year
- -1.5 percentage points
- Largest monthly swing
- May: -4.5 percentage points
ECB Target
Inflation is 2.8% below the ECB target of 2.0%. Too low inflation may indicate economic weakness.
Purchasing Power
Due to deflation, purchasing power increases. Money becomes more valuable instead of less.
What you could buy for €100 this year will cost approximately €99.20 next year at this inflation rate.
Multi-year trend
Monthly figures 2020
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2019 |
|---|---|---|
| January | 1.1% | +0.8 |
| February | 0.7% | 0.0 |
| March | -0.5% | -1.7 |
| April | -3.0% | -4.2 |
| May | -3.4% | -4.5 |
| June | -1.6% | -2.5 |
| July | -1.0% | -2.0 |
| August | -0.5% | -1.0 |
| September | -0.7% | -1.0 |
| October | -0.5% | -0.6 |
| November | -0.4% | -0.6 |
| December | -0.3% | -1.2 |
| Average | -0.8% |
Data source
Data from WorldBank. Last updated: 06/01/2026.