Thailand Sees Prepared Food Prices Rise as July CPI Slows to 1.95%

3 articles · Updated · Bangkok Post · Aug 6

Prepared food prices in Thailand are set to climb further in August as restaurants pass higher ingredient costs to consumers, while headline inflation is expected to stay positive.
July CPI rose 1.95% from a year earlier, down from 2.42% in June, but the TPSO said domestic fuel prices remain elevated as Middle East tensions keep pressure on global energy markets.
Higher fuel costs are also lifting transport expenses, especially bus fares, while fresh vegetable prices are running above last year because of a low base and El Niño effects.
The Commerce Ministry kept its 2026 inflation forecast at 1.5%-2.5%, with inflation seen averaging 2.09% in the third quarter and 2.33% in the fourth.
TPSO said stagflation risk is low as consumption, exports, investment and tourism recover; consumer confidence still rose to 51.1 in July despite worries over living costs and household debt.

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