Thailand Inflation Rate 1960-2023

Inflation as measured by the consumer price index reflects the annual percentage change in the cost to the average consumer of acquiring a basket of goods and services that may be fixed or changed at specified intervals, such as yearly. The Laspeyres formula is generally used.
  • Thailand inflation rate for 2021 was 1.23%, a 2.08% increase from 2020.
  • Thailand inflation rate for 2020 was -0.85%, a 1.55% decline from 2019.
  • Thailand inflation rate for 2019 was 0.71%, a 0.36% decline from 2018.
  • Thailand inflation rate for 2018 was 1.06%, a 0.4% increase from 2017.
Data Source: World Bank

MLA Citation:
Similar Country Ranking
Country Name Inflation Rate (%)
Lebanon 154.76%
Suriname 59.11%
Iran 43.39%
Turkey 19.60%
Belarus 9.46%
Brazil 8.30%
Dominican Republic 8.24%
Botswana 7.24%
Algeria 7.23%
Armenia 7.18%
Russia 6.69%
Azerbaijan 6.65%
Iraq 6.04%
Jamaica 5.86%
Mexico 5.69%
Tonga 5.64%
Romania 5.05%
Guyana 5.03%
Paraguay 4.79%
South Africa 4.61%
Peru 4.27%
Guatemala 4.26%
Serbia 4.09%
Mauritius 4.03%
Namibia 3.62%
Colombia 3.50%
Bulgaria 3.30%
Belize 3.24%
North Macedonia 3.23%
Samoa 3.13%
Malaysia 2.48%
Montenegro 2.41%
St. Lucia 2.41%
Albania 2.04%
Bosnia 1.98%
Costa Rica 1.73%
St. Vincent and the Grenadines 1.57%
Jordan 1.35%
Thailand 1.23%
Grenada 1.22%
China 0.98%
Maldives 0.54%
Fiji 0.16%
Ecuador 0.13%
Thailand Inflation Rate - Historical Data
Year Inflation Rate (%) Annual Change
2021 1.23% 2.08%
2020 -0.85% -1.55%
2019 0.71% -0.36%
2018 1.06% 0.40%
2017 0.67% 0.48%
2016 0.19% 1.09%
2015 -0.90% -2.80%
2014 1.90% -0.29%
2013 2.18% -0.83%
2012 3.01% -0.79%
2011 3.81% 0.56%
2010 3.25% 4.09%
2009 -0.85% -6.31%
2008 5.47% 3.23%
2007 2.24% -2.40%
2006 4.64% 0.10%
2005 4.54% 1.78%
2004 2.76% 0.95%
2003 1.80% 1.11%
2002 0.70% -0.93%
2001 1.63% 0.03%
2000 1.59% 1.31%
1999 0.28% -7.71%
1998 7.99% 2.37%
1997 5.63% -0.18%
1996 5.81% -0.01%
1995 5.82% 0.77%
1994 5.05% 1.74%
1993 3.31% -0.83%
1992 4.14% -1.57%
1991 5.71% -0.15%
1990 5.86% 0.51%
1989 5.36% 1.49%
1988 3.86% 1.40%
1987 2.47% 0.62%
1986 1.84% -0.59%
1985 2.43% 1.57%
1984 0.86% -2.86%
1983 3.73% -1.53%
1982 5.26% -7.40%
1981 12.66% -7.04%
1980 19.70% 9.81%
1979 9.90% 1.97%
1978 7.92% 0.32%
1977 7.60% 3.45%
1976 4.15% -1.18%
1975 5.33% -18.98%
1974 24.31% 8.80%
1973 15.51% 10.67%
1972 4.84% 4.35%
1971 0.48% 0.57%
1970 -0.09% -2.54%
1969 2.45% 0.66%
1968 1.79% -2.52%
1967 4.31% 0.27%
1966 4.04% 3.87%
1965 0.17% 0.96%
1964 -0.79% -0.79%
1963 0.00% -3.70%
1962 3.70% -3.69%
1961 7.39% 8.15%
1960 -0.77% 8.15%