{"id":679704,"date":"2026-09-09T04:33:20","date_gmt":"2026-09-09T04:33:20","guid":{"rendered":"https:\/\/www.europesays.com\/ie\/679704\/"},"modified":"2026-09-09T04:33:20","modified_gmt":"2026-09-09T04:33:20","slug":"southeast-asias-3rd-largest-economy-posts-3-month-high-inflation-as-fuel-food-costs-rise","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/ie\/679704\/","title":{"rendered":"Southeast Asia\u2019s 3rd-largest economy posts 3-month high inflation as fuel, food costs rise"},"content":{"rendered":"<p class=\"Normal\">Inflation rose 2.53% year-on-year last month, while in the first eight months it went up 1.37% compared to the same period last year, according to the Ministry of Commerce, as reported by The Nation Thailand.<\/p>\n<p class=\"Normal\">Nantapong Chiralerspong, director-general of the ministry\u2019s Trade Policy and Strategy Office, said that much of the increase in August was due to domestic fuel prices remaining higher than a year earlier amid the prolonged Middle East conflict and additional economic sanctions.<\/p>\n<tr>\n<td><img decoding=\"async\" alt=\"A shopper scans a QR code for a purchase using the government\u2019s co-payment scheme in Samut Prakan province of Thailand on Oct 29, 2025. Photo by Bangkok Post via AFP\" data-natural-h=\"798\" data-natural-width=\"1200\" src=\"https:\/\/www.europesays.com\/ie\/wp-content\/uploads\/2026\/09\/1-1788923149-9466-1788923169.jpg\" class=\"vne_lazy_image\" data-original=\"https:\/\/www.europesays.com\/ie\/wp-content\/uploads\/2026\/09\/1-1788923149-9466-1788923169.jpg\" data-original-2x=\"https:\/\/vcdn1-english.vnecdn.net\/2026\/09\/09\/1-1788923149-9466-1788923169.jpg?w=680&amp;h=0&amp;q=100&amp;dpr=2&amp;fit=crop&amp;s=-Xm4F1LWLy0UsIvuw0AqeA\" data-original-video=\"\" data-vertical=\"https:\/\/vcdn1-english.vnecdn.net\/2026\/09\/09\/1-1788923149-9466-1788923169.jpg?w=680&amp;h=0&amp;q=100&amp;dpr=2&amp;fit=crop&amp;s=-Xm4F1LWLy0UsIvuw0AqeA\" data-horizontal=\"https:\/\/vcdn1-english.vnecdn.net\/2026\/09\/09\/1-1788923149-9466-1788923169.jpg?w=680&amp;h=0&amp;q=100&amp;dpr=2&amp;fit=crop&amp;s=-Xm4F1LWLy0UsIvuw0AqeA\"\/><\/td>\n<\/tr>\n<tr>\n<td>\n<p class=\"Image\">A shopper scans a QR code for a purchase using the government\u2019s co-payment scheme in Samut Prakan province of Thailand on Oct 29, 2025. Photo by Bangkok Post via AFP<\/p>\n<\/td>\n<\/tr>\n<p class=\"Normal\">Prices in the food and non-alcoholic beverages category increased 2.99% year on year. Prepared meals saw broad and relatively sharp price increases, with prices showing signs of remaining elevated.<\/p>\n<p class=\"Normal\">Items that became more expensive included ready-cooked side dishes, noodles, rice with curry, rice with stir-fried basil, and fried rice.<\/p>\n<p class=\"Normal\">Prices of white rice, eggs, fresh vegetables, and fresh fruit also increased, along with seasonings and non-alcoholic beverages such as drinking water, instant coffee, and hot and iced coffee.<\/p>\n<p class=\"Normal\">Fresh chicken prices also rose. The trade office attributed part of the increase in fresh-food prices to stronger purchasing power under the &#8220;Thai Chuey Thai Plus&#8221; scheme.<\/p>\n<p class=\"Normal\">However, prices declined for some food items, including sticky rice, dried or grated coconut, tamarind paste, and meals ordered for delivery.<\/p>\n<p class=\"Normal\">Prices for goods and services other than food and beverages rose 2.23% from a year earlier, mainly driven by higher fuel and public transport costs.<\/p>\n<p class=\"Normal\">In July, Thailand\u2019s inflation was the third lowest among ASEAN countries, while Laos led the bloc, followed by the Philippines and Vietnam.<\/p>\n<p class=\"Normal\">Bank of Thailand governor Vitai Ratanakorn said last week that monetary policy was fully accommodative and appropriate \u2060for the economy, Reuters reported.<\/p>\n<p class=\"Normal\">The central bank last month left its key interest rate unchanged at 1%, saying economic growth was low and uneven. The next \u200crate meeting \u2060is on Oct. 28.<\/p>\n<p class=\"Normal\">The Trade Policy and Strategy Office expects headline inflation to increase in September, with fuel, prepared meals, transport and fresh food expected to put upward pressure on prices.<\/p>\n<p class=\"Normal\">The Ministry of Commerce has maintained its forecast for average headline inflation in 2026 at 1.5\u20132.5%, with a midpoint of 2.0%.<\/p>\n<p class=\"Normal\">In Southeast Asia, <a href=\"https:\/\/e.vnexpress.net\/news\/tech\/tech-news\/southeast-asia-s-second-largest-economy-secures-2-15b-in-investment-from-four-leading-chinese-tech-firms-5099827.html\" rel=\"dofollow noopener\" target=\"_blank\">Thailand\u2019s GDP<\/a> last year ranked third behind Indonesia and Singapore, according to the International Monetary Fund.<\/p>\n","protected":false},"excerpt":{"rendered":"Inflation rose 2.53% year-on-year last month, while in the first eight months it went up 1.37% compared to&hellip;\n","protected":false},"author":2,"featured_media":679705,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[174],"tags":[79,179,18,287621,19,17,287620],"class_list":["post-679704","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-economy","tag-eire","tag-food-costs-rise-vnexpress-international","tag-ie","tag-ireland","tag-southeast-asias-3rd-largest-economy-posts-3-month-high-inflation-as-fuel"],"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@ie\/117239219718126673","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/679704","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/comments?post=679704"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/679704\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media\/679705"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media?parent=679704"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/categories?post=679704"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/tags?post=679704"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}