FX.co ★ Thailand’s Deflation Deepens in February as CPI Falls 0.88% Year-on-Year

Thailand’s consumer prices fell further into deflationary territory in February 2026, with the Consumer Price Index (CPI) declining 0.88% year-on-year, according to data updated on 5 March 2026. This marks a sharper drop than in January 2026, when prices fell 0.66% compared with the same month a year earlier.

The figures, based on year-over-year comparisons, show that the pace of price declines is accelerating: the February reading compares price levels in February 2026 to February 2025, while the January figure compared prices in January 2026 to January 2025. The deepening negative CPI underscores growing deflationary pressures in Thailand, raising potential concerns over consumer demand and the broader economic outlook.