BANGKOK, Thailand – Thailand’s headline inflation increased for the fourth consecutive month in July 2026, rising 1.95% year-on-year, although the pace began to slow, according to the Trade Policy and Strategy Office (TPSO). TPSO Director-General Nantapong Chiralerspong said the Consumer Price Index (CPI) stood at 102.10 in July, compared with the same month last year. Average inflation during the first seven months of 2026 increased 1.21%.
The increase was mainly driven by fuel prices remaining higher than last year amid prolonged tensions in the Middle East, which also contributed to higher public transport fares. Prices of prepared foods continued to rise, while fresh vegetables increased due to the impact of a weakening El Niño pattern and a low price base from the previous year. The non-food and beverage category increased 1.88%, led by higher domestic fuel prices, public transport costs, housing rents and household cleaning products. Transport-related costs that increased included school transport services, interprovincial van fares, international airfares, motorcycle taxi fares, air-conditioned buses and local public transport services.
Meanwhile, some items recorded price declines, including electricity bills, hotel accommodation, personal care products such as shampoo and conditioner, cosmetics and some clothing categories.
The Commerce Ministry expects inflation to continue rising gradually in the coming months but maintained its full-year forecast at 1.5%–2.5%. Officials said oil price movements will remain a key factor, with lower energy prices likely to ease inflation pressure.
