2025.11.0504:00:10UTC+00Thailand Consumer Prices Fall More Than Forecast

Consumer prices in Thailand experienced a 0.76% year-on-year decline in October 2025, surpassing market predictions of a 0.70% decrease and following a 0.72% drop in September. This marks the seventh consecutive month of declining prices, highlighting economic vulnerabilities and keeping inflation significantly below the central bank's target range of 1%–3%. According to the Bank of Thailand, the reduction in consumer prices can be attributed primarily to supply-side factors, with significant declines noted in oil prices and across a wide array of goods, which contributed significantly to the overall downward trend. Meanwhile, core consumer prices, excluding volatile items such as food and energy, continued to rise modestly with a 0.61% increase year-on-year. This was a bit below the market's forecast of 0.64% and slightly down from the 0.65% rise seen in September, indicating the slowest rate of core inflation since July of the previous year.