Krungthai COMPASS Research Center assesses that Thai inflation in the remaining months of 2026 is likely to be higher than the midpoint of the target range of 2%, pressured by domestic demand and risks from El Nino. The general inflation rate in August stood at 2.53%, higher than analysts' forecast of 2.37%, mainly driven by energy prices, which account for 41.5%, core inflation at 39.9%, and fresh food prices that have risen due to erratic weather. If El Nino intensifies towards the end of the year, food prices will rise further. Meanwhile, Dubai crude oil prices have surged above 100 US dollars, higher than the previous month's average of 79.7 US dollars per barrel, adding renewed pressure on energy. The business confidence index in August has been below 50 for nine consecutive months, reflecting concerns over production costs that businesses need to pass on to product prices.
Krung Thai Bank Public Company LimitedArticle discusses Thai inflation and El Nino impact on food prices, which may affect Krung Thai Bank's loan demand and credit quality, but no direct mention of the bank.
