Ministry maintains full-year inflation forecast of 1.5% to 2.5%
Commuters at a bus stop near the CentralWorld shopping plaza in Pathum Wan district, Bangkok, on July 30, 2026. (Photo: Nutthawat Wichieanbut)
Thailand's headline consumer price index (CPI) rose 1.95% in July from a year earlier, following a 2.42% annual increase in the previous month, the Ministry of Commerce reported on Wednesday.The reading compared with a forecast rise of 2.55% in a Reuters poll and was inside the Bank of Thailand's (BoT) target inflation range of 1% to 3%.
The drop in the index was attributed to a decrease in oil prices, Nantapong Chiralerspong, head of the ministry's Trade Policy and Strategy Office (TPSO), told a briefing.
The probability of stagflation is low and is on a downward trend, Mr Nantapong added.
