The Thaiger
Thailand’s inflation hits 2.42% in June as food vendors raise prices nationwide
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Thailand ‘s headline inflation rose 2.42% year on year in June, marking a third consecutive month in positive territory, as higher fuel costs and rising food prices continue to squeeze household budgets across the country.
Key facts
- Thailand ‘s headline inflation rose 2.42% year on year in June, marking a third consecutive month in positive territory, as higher fuel costs and rising food prices continue to squeeze household budgets across the country.
- Full-year forecast maintained at 1.5 to 2.5%
- The Trade Policy and Strategy Office (TPSO) under the Ministry of Commerce reported that the consumer price index reached 102.85 in June, driven primarily by elevated domestic fuel prices linked to the ongoing conflict in the Middle East,
- The projection assumes GDP growth of 1.5% to 2.5%, Dubai crude oil prices of US$80 to US$90 per barrel, and an exchange rate of 32 to 33 baht per US dollar.
- For the first half of 2026, headline inflation averaged 1.08% while core inflation averaged 0.79%.
- The Ministry of Commerce is maintaining its full-year 2026 inflation forecast in the range of 1.5% to 2.5%, with a midpoint of 2.0%
Summary
The Trade Policy and Strategy Office (TPSO) under the Ministry of Commerce reported that the consumer price index reached 102.85 in June, driven primarily by elevated domestic fuel prices linked to the ongoing conflict in the Middle East, higher public transport fares, and a broad increase in the cost of prepared food.
Core inflation, which strips out fresh food and energy, accelerated to 1.23% in June, up from 0.92% in May. For the first half of 2026, headline inflation averaged 1.08% while core inflation averaged 0.79%.