The Thaiger
Thailand inflation hits 45-month high of 3.90% on fuel and floods
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Thailand’s headline inflation reached 3.90% in October, its highest rate in 45 months, as fuel prices rose 29.18% and floods pushed up food prices, the Commerce Ministry said yesterday, November 6. The rate is above the Bank of Thailand’s 1% to 3% target band, and the ministry expects inflation to stay positive in November.
Key facts
- Thailand’s headline inflation reached 3.90% in October, its highest rate in 45 months, as fuel prices rose 29.18% and floods pushed up food prices, the Commerce Ministry said yesterday, November 6
- Nantapong Chiralerspong, director-general of the ministry’s Trade Policy and Strategy Office (TPSO), said the consumer price index stood at 103.90, which is 3.90% higher than in October last year and 0.94% higher than in September, when
- Over the first 10 months of 2026, headline inflation averaged 1.77% and core inflation 1.06%, and the ministry kept its forecast for the full-year average at 1.8% to 2.2%.
- The Bank of Thailand’s Monetary Policy Committee held its policy rate at 1.00% on October 28 and forecast that headline inflation would average 2.1% in 2026 and 1.3% in 2027.
- Transport costs rose too: the vehicles, transport and communications group, which includes school transport, interprovincial vans, air-conditioned buses, motorcycle taxis and songthaews, climbed 10.93%, though electricity prices fell over
- Food and non-alcoholic drinks rose 4.26%, up from 3.07% in September, with prepared food up 4.06% and eggs and dairy up 6.90%, while fresh fruit fell 0.15%
Summary
Nantapong Chiralerspong, director-general of the ministry’s Trade Policy and Strategy Office (TPSO), said the consumer price index stood at 103.90, which is 3.90% higher than in October last year and 0.94% higher than in September, when the annual rate was 2.82%. No month has recorded a higher annual rate since January 2023.
Every type of fuel cost more than a year earlier. Transport costs rose too: the vehicles, transport and communications group, which includes school transport, interprovincial vans, air-conditioned buses, motorcycle taxis and songthaews, climbed 10.93%, though electricity prices fell over the same period.