Floods increase Thai cost of living by 13 billion baht

Khaosod•Economy•5d ago

Reader Briefing

Flooding between September 24–30, 2026, has significantly increased the cost of living for Thai consumers and damaged the agricultural industry chain.

•Floods impacted 31 provinces and Bangkok between September 24–30, 2026.
•The agricultural industry chain suffered estimated damages of 69.1 billion baht, or 0.36% of GDP.
•Thai consumers faced an additional cost burden of 13 billion baht due to product shortages and price hikes.
•Agricultural losses were highest for rice at 11 billion baht.

Overview

•Flooding occurred between September 24–30, 2026, affecting 32 areas including Bangkok and 31 provinces.
•Atth Phisanwanich of the Faculty of Economics, Rangsit University, stated that the floods impacted the North, Northeast, Central, and East regions.
•The agricultural industry chain suffered total damages of approximately 69.1 billion baht.
•Farmers were the most affected group with 25 billion baht in losses, followed by processors at 18 billion baht and exporters at 5.4 billion baht.
•Thai consumers spent an additional 13 billion baht, with the highest increase being 6.5 billion baht for rice.
•Export values for rice and cassava decreased by 2.3 billion baht and 2.1 billion baht, respectively.
•Restaurant businesses faced 3.4 billion baht in higher costs due to raw material and transport prices.
•Atth Phisanwanich urged the government to accelerate the recovery of the agricultural chain through financial aid, seed support, and supply chain coordination.

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Key Entities

Person

Atth Phisanwanich(อัทธ์ พิศาลวานิช)

A member of the Faculty of Economics at Rangsit University who analyzed the impact of the floods.

Organization

Faculty of Economics, Rangsit University(คณะเศรษฐศาสตร์ มหาวิทยาลัยรังสิต)ℹ️

The academic institution associated with Atth Phisanwanich.

Government(รัฐบาล)ℹ️

The entity urged by Atth Phisanwanich to accelerate the recovery of the agricultural industry chain.

Place

Bangkok(กรุงเทพฯ)ℹ️

One of the 32 affected areas during the floods of September 2026.