July Inflation at 1.95% and August Outlook

Thansettakij•Economy•2d ago

Reader Briefing

The Trade Policy and Strategy Office reports July 2026 inflation rose 1.95% while predicting August will remain positive.

•July 2026 inflation increased by 1.95%, slowing down from 2.42% in June 2026.
•The Consumer Price Index for July 2026 stood at 102.1.
•The average 7-month consumer price index (January-July 2026) rose 1.21% compared to the same period in 2025.
•Inflation for the full year 2026 is forecasted at 1.5% - 2.0%.

•July 2026 inflation increased by 1.95%, a decrease from the 2.42% growth seen in June 2026.
•The slowdown in July 2026 inflation was primarily caused by a decrease in fuel prices from nearly 37 baht in June to 36.16 baht in mid-July.
•High prices for ready-to-eat food, public transportation fares, and fresh vegetables have kept the cost of living for the people high.
•The Ministry of Energy and the Oil Fuel Fund managed energy prices to maintain stability, keeping prices around 36.69 baht across 3 cycles.
•Thailand's general inflation in June 2026 ranked 41st out of 140 economies and 4th among 8 ASEAN countries.
•Nanthaphong Jiralertpong warns that August 2026 inflation will likely remain positive due to prolonged conflict in the Middle East and El Nino effects.
•If diesel prices rise to 40.24-47.50 baht per liter, there is a possibility that inflation could rise up to 3%.

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Nanthaphong Jiralertpong(นันทพงษ์ จิระเลิศพงษ์)

Director of the Trade Policy and Strategy Office, Ministry of Commerce.

Trade Policy and Strategy Office(สำนักงานนโยบายและยุทธศาสตร์การค้า)

The agency reporting inflation data and economic trade indices.

Ministry of Commerce(กระทรวงพาณิชย์)ℹ️

The ministry overseeing the Trade Policy and Strategy Office.

Ministry of Energy(กระทรวงพลังงาน)ℹ️

The ministry managing energy price expectations and stability.

Oil Fuel Fund(กองทุนน้ำมัน)

The fund regulating refinery prices to mitigate cost-push inflation from oil prices.

ASEAN(อาเซียน)ℹ️

A regional organization of 8 reported countries including Thailand.

Middle East(ตะวันออกกลาง)ℹ️

A region where prolonged conflict is impacting fuel and transportation costs.