FX.co ★ Thailand Consumer Prices Fall Faster in January

In January 2026, consumer prices in Thailand experienced a year-on-year decrease of 0.66%, which was more pronounced than the anticipated 0.40% decline and higher than the 0.28% drop recorded in December. This represents the tenth consecutive month of deflation and marks the most significant fall in three months, with inflation remaining well below the central bank's target range of 1%–3%. The commerce ministry attributed this decline to lower energy costs and government initiatives aimed at easing living expenses. Projections indicate that headline consumer prices will continue their negative trajectory through April, after which they are expected to turn positive. In contrast, core consumer prices, which exclude volatile items like food and energy, saw a slight increase, rising by 0.60% year-on-year. This figure came in slightly above both the forecasts and December's 0.59% increase.