FX.co ★ Thailand CPI Falls for Eight Month

In November 2025, consumer prices in Thailand decreased by 0.49% compared to the same month the previous year. This decline was less than the anticipated 0.60% drop and showed a slight recovery from the 0.76% decrease observed in October. This period marks the eighth consecutive month of deflation, maintaining inflation well below the central bank's target range of 1% to 3%. The ongoing deflationary trend has been largely attributed to reduced energy costs, particularly in household electricity and fuel. These reductions are a result of global energy market developments and government initiatives aimed at alleviating the cost-of-living pressures. For the first 11 months of the year, the overall inflation rate fell by 0.12% compared to the same timeframe the previous year. On the other hand, core consumer prices, which exclude the more volatile items such as food and energy, displayed a positive trend, increasing by 0.66% over the year. This represents the highest rise recorded in three months, following a 0.61% increase and surpassing the anticipated 0.57% growth.