Inflation spikes as Mideast war pushes up energy prices

🇹🇭 Bangkok Post (TH) —

AI Summary

Headline inflation in Thailand has increased in April as a result of rising domestic fuel prices due to geopolitical issues, including a blockade in the Strait of Hormuz. This marks the first inflation spike in a year, raising economic concerns.

Headline inflation rose in April, the first increase in a year, as domestic fuel prices surged amid ongoing geopolitical tensions and the prolonged blockade of the Strait of Hormuz, according to the Commerce Ministry.

Conflict Markets Energy Thailand inflation energy prices geopolitical tensions market impact

Read original source →