June headline inflation slowed to 2.4% from 2.8%, undershooting the 2.7% consensus and staying inside the Bank of Thailand’s 1%-3% target band.
That cooling reinforced expectations the BoT will keep its policy rate at 1% at its Aug. 26 meeting and possibly through year-end, with core inflation still modest at 1.2%.
Energy and non-food price pressures moderated, while the Commerce Ministry kept its 2026 inflation forecast at 1.5%-2.5%, helped by lower electricity tariffs and ample meat supplies.
USD/THB edged higher after the data and is expected to remain near recent range highs, though any rebound in global energy prices or El Niño-driven food costs could challenge the steady-rate outlook.