Thailand's inflation rate in April turned negative for the first time in 13 months.

Data released on Tuesday shows that Thailand's inflation rate in April turned negative for the first time in over a year. The Thai Ministry of Commerce stated that although there was no deflation, they will lower their inflation expectations for this year. The Ministry of Commerce stated that the overall Consumer Price Index in April dropped by 0.22% compared to the same period last year, mainly due to a decrease in energy prices. This is the first time negative growth has occurred since March 2024, while the overall inflation rate in March was 0.84%. Market surveys predicted that the CPI would remain unchanged. The Bank of Thailand has set this year's inflation target between 1% and 3%.