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7 May 2025

Thai Economy

Inflation dropped for the first time in 13 months to (-)0.22% YoY in April 2025; full-year forecast at 0.5% (Business Brief No.4153 Full Ed.)

คะแนนเฉลี่ย
  • Thailand’s headline inflation fell to (-)0.22 percent YoY in April 2025, marking the first decline in 13 months. This was driven by lower gasohol prices following a drop in global crude oil prices, as well as lower electricity prices compared to the previous year.
  • Looking into 2Q25, Thai inflation may remain in negative territory, but not yet turn into deflation, as prices of goods and services have not seen broad-based declines.
  • In 2H25, Thailand’s inflation may return to slightly positive territory due to the low base of global crude oil prices in 2024. The full-year 2025 forecast for headline inflation remains at 0.5 percent.

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Thai Economy

GDP