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4 Dec 2025

Thai Economy

Thai inflation in November 2025 remained negative for the eighth consecutive month at -0.49% YoY; inflation in 2026 expected to turn positive at 0.4% (Business Brief No.4219)

คะแนนเฉลี่ย
  • Thailand’s headline inflation in November 2025 stood at -0.49 percent YoY, marking the eighth straight month in negative territory. Supply-side pressures remain the key drag, while demand-side factors provided only minimal support. 
  •  KResearch maintains its 2025 inflation forecast at -0.1 percent. For the first 11 months, inflation averaged -0.12 percent YoY. Inflation in the final month of the year is expected to remain negative, though the contraction should narrow partly due to the low base of vegetable and fruit prices. 
  • For 2026, headline inflation is projected to return to positive territory at 0.4 percent. Downward supply-side pressures should ease, driven by an expected rise in fruit and vegetable prices compared to last year. Meanwhile, energy prices may continue to decline but to a lesser extent than in 2025.

Thai Economy

Inflation