Inflation Thailand 2024
Average inflation: 0.9%
Current Inflation
Inflation is very low at 0.9%, well below the ECB target.
Peak and Trough
The highest inflation was in May at 2.9%. The lowest inflation was in January at -1.1%.
- Highest month
- May: 2.9%
- Lowest month
- January: -1.1%
- Difference
- 4.0 percentage points
- Months with data
- 9 of 12
Category Insights
The highest price increase was in Food with an average of 0.5%. The lowest price increase was in Energy with an average of 0.0%.
- Highest increase
- Food: 0.5%
- Lowest increase
- Energy: 0.0%
Historical Context
Current inflation is 0.8% lower than the 5-year average of 1.7%.
- 5-year average
- 1.7%
- 10-year average
- 1%
- All-time high (2022)
- 6.1%
- All-time low (2015)
- -0.9%
Trend
Inflation shows a downward trend. Compared to 2023, inflation has fallen by +0.4 percentage point.
- Change vs. previous year
- -0.4 percentage points
- Largest monthly swing
- January: -6.1 percentage points
ECB Target
Inflation is 1.1% below the ECB target of 2.0%. Too low inflation may indicate economic weakness.
Purchasing Power
At this inflation rate, purchasing power gradually decreases. The impact on daily expenses is relatively limited.
What you could buy for €100 this year will cost approximately €100.90 next year at this inflation rate.
Multi-year trend
Monthly figures 2024
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2023 |
|---|---|---|
| January | -1.1% | -6.1 |
| February | -0.8% | -4.6 |
| March | -0.5% | -3.3 |
| April | 1.3% | -1.4 |
| May | 2.9% | +2.4 |
| June | 1.8% | +1.6 |
| July | 2.0% | +1.6 |
| August | 1.6% | +0.7 |
| September | 0.6% | +0.3 |
| Average | 0.9% |
Data source
Data from WorldBank. Last updated: 06/01/2026.Not all months available yet.