Mideast war fuelling Thailand's inflation riskHeadline inflation for March and the entire year is projected to increase, driven largely by rising energy prices linked to ongoing conflicts in the Middle East, according to the Trade Policy and Strategy Office (TPSO). Nantapong Chiralerspong, director-general of the TPSO, outlined the potential impact of global oil prices on inflation in Thailand. If oil prices reach $100 per barrel and prepared food prices increase by 10% in 20% of the country, inflation could rise by 2-3%. "Rising oil prices will influence prices of various products, with prepared food likely seeing increases before other items. In February, the headline consumer price index (CPI) dropped by 0.88% year-on-year to 99.67, primarily driven by lower energy prices.

Source: Bangkok Post March 06, 2026 09:15 UTC