• Thailand’s headline inflation accelerated further to 3.90 percent YoY in October 2026, its highest level in 45 months. Escalating tensions in the Middle East and the Russia-Ukraine conflict drove the energy price index up by 15.6 percent YoY in October 2026, while flooding pushed up agricultural and food prices.
• KResearch revised its forecast for Thailand’s headline inflation in 2026 upward to 2.1 percent from 1.8 percent, reflecting the prospect of global oil prices remaining relatively high for longer than previously anticipated. Meanwhile, demand remains weak. Inflation is expected to ease slightly from October’s level over the remainder of the year.
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