Oil Shock Drives Thailand Inflation to Near Top End of Target

Thailand’s inflation moved to near the top end of the central bank’s target, ending a yearlong decline in prices, as higher oil prices tied to the Iran conflict fed through to the economy. The reading is a mild inflationary headwind and could complicate policy expectations, but the article contains no action from the central bank or larger market shock.

Analysis

Thailand’s inflation moved to near the top end of the central bank’s target, ending a yearlong decline in prices, as higher oil prices tied to the Iran conflict fed through to the economy. The reading is a mild inflationary headwind and could complicate policy expectations, but the article contains no action from the central bank or larger market shock.