Thailand’s inflation rate rose to 3.9% in October

China News Service, Bangkok, November 6 (Wang Qi, Li Yingmin) Data released by the Trade Policy and Strategy Office of the Ministry of Commerce of Thailand on the 6th showed that Thailand’s consumer price index (CPI) rose by 3.9% year-on-year in October, higher than 2.82% in September; the core inflation rate was 1.58%. The consumer price index for the month was 103.9, a month-on-month increase of 0.94%.

In the first 10 months of this year, Thailand's average inflation rate increased by 1.77% year-on-year. Nantaporn, director of the Trade Policy and Strategy Office of the Ministry of Commerce of Thailand, said that fuel prices increased by 29.18% year-on-year in October, contributing 2.18 percentage points to the overall inflation rate, accounting for approximately 56% of the inflation increase that month.

The rise in fuel prices is related to higher prices in the international energy market. The low base of domestic fuel prices in the same period last year was also one of the factors that pushed up the year-on-year increase.

In terms of commodity categories, Thailand’s non-food and beverage prices increased by 3.66% year-on-year in October, of which transportation and communications prices increased by 10.93%; food and non-alcoholic beverage prices increased by 4.26%, of which ready-to-eat food prices increased by 4.06%, and eggs and dairy products increased by 6.9%.

In addition, affected by flooding in some vegetable growing areas, the prices of some fresh vegetables increased at the beginning of the month and gradually returned to normal levels at the end of the month.

Thailand’s Ministry of Commerce predicts that the inflation rate will remain positive in November. International energy prices, ready-to-eat food and transportation costs, as well as weather conditions that may affect the prices of some agricultural products, remain factors to watch. At the same time, the Thai government maintains the overall inflation rate forecast range for 2026 at 1.8% to 2.2%, with a median of 2%.