Thai August PPI rises 9.1% on energy and raw material costs

Khaosod•Economy•1h ago

Reader Briefing

Thailand's Producer Price Index for August 2026 rose by 9.1% year-on-year driven by high global energy prices and a weaker baht.

•The Producer Price Index in August 2026 reached 115.4, a 9.1% increase from August 2025.
•Price increases occurred across all categories: agricultural and fishery products, mining products, and industrial products.
•Nanthaphong Jiralertphong of the Trade Policy and Strategy Office cited low base prices from the previous year and high global energy costs as primary drivers.
•The Producer Price Index for September 2026 is expected to expand at a higher rate.

•The Thai Producer Price Index in August 2026 was 115.4, representing a 9.1% increase compared to August 2025.
•Agricultural and fishery product prices rose 8.3% due to low previous year bases for paddy rice, low supply of fresh cassava roots, Middle East conflict impacting rubber, and high global crude palm oil prices.
•Mining product prices increased by 23.9% driven by high global energy prices for crude petroleum and natural gas, and shipping constraints through the Strait of Hormuz.
•Industrial product prices rose 6.9% due to higher crude oil and petroleum prices, increased raw material costs for rubber and plastics, and global electronics demand.
•Nanthaphong Jiralertphong attributed the overall price increase to low base prices from the previous year, high global energy prices, and a weaker Thai baht increasing import costs.
•Nanthaphong Jiralertphong noted that US import tariffs and a strengthening baht may pressure export manufacturers to delay price adjustments despite rising costs.
•The Producer Price Index for September 2026 is projected to expand further due to a low base and volatile global energy prices.

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Nanthaphong Jiralertphong(นันทพงษ์ จิระเลิศพงษ์)

Director of the Trade Policy and Strategy Office.

Trade Policy and Strategy Office(สำนักงานนโยบายและยุทธศาสตร์การค้า)

The office led by Nanthaphong Jiralertphong that reports on the Producer Price Index.

Middle East(ตะวันออกกลาง)ℹ️

A region where conflicts have impacted the demand for substitute raw materials in related industries.

Strait of Hormuz(ช่องแคบฮอร์มุซ)ℹ️

A location where transport constraints have affected mining product prices.

USA(สหรัฐฯ)ℹ️

A country whose import tariff measures may pressure the Thai export production sector.