Thailand July Inflation 1.95%, Diesel Prices Monitored

Khaosod•Economy•2d ago

Reader Briefing

Thailand's general consumer price index for July 2026 rose by 1.95% compared to July 2025.

•Thailand's general inflation in July 2026 was 1.95%, a slowdown from 2.42% in June 2026.
•The Trade Policy and Strategy Office identifies fuel prices, processed food, and fresh vegetables as primary drivers of inflation.
•The Ministry of Commerce maintains a full-year 2026 inflation forecast between 1.5% and 2.5%.
•Core inflation in July 2026 rose by 1.34%.

•The general consumer price index for July 2026 was 102.10, representing a 1.95% increase compared to July 2025.
•Inflation remained positive due to domestic fuel prices staying higher than the previous year, influenced by conflicts in the Middle East.
•The non-food and beverage category rose 1.88% due to domestic fuel, public transport fares, and international airfares.
•The food and non-alcoholic beverage category rose 2.04%, driven by processed food, fresh vegetables, rice, and eggs.
•Fresh vegetable prices increased from a low base in the previous year and were impacted by the Weak El Niño phenomenon.
•Nantapong Chiralertpong expects August 2026 inflation to remain positive due to prolonged Middle East conflicts and processed food price hikes.
•The Trade Policy and Strategy Office warns that if diesel prices reach 47.50 baht/liter, average annual inflation could hit 3%.
•The Ministry of Commerce forecasts the overall inflation rate for 2026 to be between 1.5% and 2.5%.

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Nantapong Chiralertpong(นันทพงษ์ จิระเลิศพงษ์)

Director of the Trade Policy and Strategy Office.

Trade Policy and Strategy Office(สำนักงานนโยบายและยุทธศาสตร์การค้า)

The agency providing inflation data and forecasts for the Thai government.

Ministry of Commerce(กระทรวงพาณิชย์)ℹ️

The ministry forecasting the general inflation rate for the year 2026.

Middle East(ตะวันออกกลาง)ℹ️

A region where conflicts are impacting domestic fuel prices and public transport fares in Thailand.