FX.co ★ Thailand Deflation Deepens in February

Consumer prices in Thailand declined by 0.88% year-on-year in February 2026, a steeper drop than the expected 0.50% and an acceleration from January’s 0.66% decrease. This was the eleventh consecutive month of deflation—the longest such stretch since the pandemic—and the most pronounced decline in the current sequence, leaving inflation well below the central bank’s 1%–3% target range. In contrast, core consumer prices, which exclude volatile components such as food and energy, rose 0.56% from a year earlier, slightly above the forecast 0.50% gain but down from January’s 0.60% increase. This also represented the smallest rise in core prices since July 2024.