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Inflation Rate Trends and Forecast for Thailand from 1990 to 2029

Inflation Rate Trends and Forecast for Thailand from 1990 to 2029

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TGM StatBox. (2024). Inflation Rate Trends and Forecast for Thailand from 1990 to 2029. TGM StatBox.
Chart Details
Data Source: International Monetary Fund (IMF)
Timeframe: 1990-2029
Country: Thailand
Published date: 2024
Note: The Inflation rate (average consumer prices), as defined by the International Monetary Fund (IMF), measures the annual percentage change in the average level of prices of goods and services consumed by households.
Key Takeaways
Thailand's inflation trends have been shaped by economic crises and recovery periods. Inflation peaked at 8.0% in 1998 during the Asian financial crisis, followed by a sharp decline to 0.2% in 1999 due to deflationary pressures. The pandemic-induced slowdown led to -0.8% inflation in 2020, but it rose to 6.1% in 2022 amid global supply chain disruptions.

Projections show inflation stabilizing at 2.0% by 2027, supported by steady economic recovery and sound monetary policies.

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