Eggs for sale at the New Happy Land market on Seri Thai Road on March 1. The increase in the prices of food is attributed to higher energy prices. Varuth Hirunyatheb
The Commerce Ministry recently announced Thailand’s headline inflation rate rose 5.28% in February year-on-year, which was higher than expected. The surge in the economic indicator marked the fastest rate jump in 13 years and breaches the central bank inflation target for this year.
What are the factors triggering Thailand’s high inflation rate?
The Commerce Ministry attributed key triggers driving up the inflation rate as rising energy and food prices.
Energy prices, including electricity and fuel, rose to 29.2% of the figure used to determine inflation from 19.2% in February year-on-year. At the same time, food prices such as meat,…
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