In July 2025, Thailand experienced a 0.70% year-on-year decrease in consumer prices, surpassing the anticipated 0.45% decline and following a 0.25% reduction in June. This represents the fourth month in a row of deflation, marking the most significant drop since February 2024, and keeps inflation below the central bank's target range of 1%–3%. Concurrently, core consumer prices, which exclude volatile components like raw food and energy, increased by 0.84% year-on-year. This was marginally less than the projected 0.90% rise and a decrease from 1.06% in June, evidencing the slowest core inflation rate in half a year.