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Updated · Bloomberg · May 6Thailand consumer prices rise in April, ending yearlong decline
9 articles · Updated · Bloomberg · May 6
- The consumer price index increased 2.89% year on year, above economists' 2.2% median forecast and near the top of the central bank's target range.
- Commerce Ministry data showed higher oil prices linked to the Iran conflict drove the rebound, reversing more than a year of falling prices.
- The jump suggests external energy shocks are feeding into Thailand's inflation outlook, potentially complicating the central bank's policy path.
With the Strait of Hormuz closed, how will Asia's economies survive the crippling energy shock? Beyond oil, how is the Hormuz blockade quietly triggering a global food and supply chain crisis? Can President Trump's military escort plan secure the world's most vital oil chokepoint?