In June 2025, Thailand experienced a year-on-year decline in consumer prices by 0.25%, worsening from a 0.57% decrease in May and surpassing the anticipated 0.10% reduction. This represents the third consecutive month of declining consumer prices, highlighting ongoing deflationary pressures and staying outside the central bank’s target range of 1%–3%. Concurrently, the annual core inflation rate slightly decreased to 1.06% in June, down from 1.09% in May, contrary to market expectations of a marginal increase to 1.10%.