Consumer prices in Thailand declined by 0.53 percent year-on-year in January of 2016, following a 0.85 percent drop in December and below market expectations of a 0.49 percent fall. It is the 13th month of decrease. Core inflation, which strips out raw food and energy prices, rose 0.59 percent in January, slowing from a 0.68 percent rise in December. On a month-on-month basis, consumer prices dropped by 0.26 percent, following a 0.39 percent drop in a month earlier. For 2016, inflation is expected to grow by 0.8 percent, lower than the country's central bank target range of 1.0 percent to 4.0 percent while core inflation is set to rose by 0.9 percent. Inflation Rate in Thailand averaged 4.38 percent from 1977 until 2016, reaching an all time high of 24.56 percent in June of 1980 and a record low of -4.38 percent in July of 2009. Inflation Rate in Thailand is reported by the Bureau of Trade and Economic Indices, Ministry of Commerce, Thailand.