Inflation rates by country and year

-0.9%5.4%11.7%18%24.3%
-0.9%5.4%11.7%18%24.3%
1960-0.8%
19933.3%
2025-0.1%
Source: World Bank

Data: World Bank, annual %. For information only — not financial advice.

Year2025Inflation Rate-0.1%

Behind the curve

Turning points in Thailand

  1. 1974↑ Upward pressure

    The first oil shock — Wikipedia (opens in a new tab)

    The 1973 oil embargo raised import and energy costs for Thailand's oil-dependent economy, lifting inflation above 24% in 1974.

    Bank of Thailand
  2. 1980↑ Upward pressure

    The second oil shock — Wikipedia (opens in a new tab)

    The 1979–80 oil price rise again raised costs across the Thai economy, pushing inflation toward 20% in 1980 before it eased.

    Bank of Thailand
  3. 1998↑ Upward pressure

    The baht collapse and the Asian crisis — Wikipedia (opens in a new tab)

    Thailand floated the baht in July 1997, and its sharp depreciation fed through to import prices. Inflation rose to about 8% in 1998 at the heart of the Asian financial crisis.

    Bank of Thailand
  4. 2022↑ Upward pressure

    The post-pandemic inflation surge — Wikipedia (opens in a new tab)

    Higher global energy and food prices after the pandemic pushed Thai inflation above 6% in 2022, before it fell back as commodity prices cooled.

    Bank of Thailand

These are selected historical influences, not a complete account of inflation. An upward-pressure event can coincide with a peak when its inflationary effect has already occurred or when other forces begin pushing inflation lower. The markers show the years in which events occurred, although their effects may extend into later years.

What is the inflation in Thailand?

The annual inflation rate in Thailand was -0.1% in 2025, the most recent year in the World Bank dataset. That means prices fell 0.1% on average compared with the year before. Use the chart above to explore Thailand's full inflation history from 1960 to 2025, and to compare it with any other country.

How inflation in Thailand has changed

Inflation in Thailand peaked at 24.3% in 1974 and reached its lowest point at -0.9% in 2015. Averaged across the 65 years of available data (1960–2025), the rate has been 4.0% per year.

Frequently asked questions about inflation in Thailand

What is the current inflation rate in Thailand?

The latest available annual figure is -0.1% in 2025, from the World Bank. Because the figures are reported annually, they may not reflect the most recent monthly reading published by Thailand's statistical office.

What was the highest inflation rate in Thailand?

The highest annual inflation rate on record is 24.3%, reached in 1974.

What was the lowest inflation rate in Thailand?

The lowest annual inflation rate on record is -0.9%, recorded in 2015.

Where does the inflation data for Thailand come from?

All figures come from the World Bank's World Development Indicators (indicator FP.CPI.TOTL.ZG), which report annual consumer price inflation for more than 200 countries and territories from 1960 onward.