Thai Producer Price Index Rises 9.1% in August 2026

Matichon•Economy•11h ago

Reader Briefing

Thailand's Producer Price Index for August 2026 rose by 9.1% year-on-year due to high energy costs and currency depreciation.

•Nanthaphong Jiralertphong of the Trade Policy and Strategy Office reported an August 2026 Producer Price Index of 115.4.
•Product prices increased across all categories: agriculture and fisheries, mining, and industrial products.
•The increase was driven by high global energy prices and a weakening Thai Baht.
•Price hikes are expected to accelerate in September 2026.

•The Producer Price Index in August 2026 was 115.4, an increase of 9.1% compared to August 2025.
•Agriculture and fisheries products rose 8.3% due to low previous year bases for paddy rice, low cassava supply, Middle East conflict affecting rubber, and global palm oil prices.
•Mining products increased by 23.9% driven by high global prices for crude petroleum, natural gas, and metal ores.
•Industrial products rose 6.9% due to global petroleum prices, high raw material costs for rubber and plastics, and global demand for electronics.
•Some product prices decreased, including fruits, live pigs, broilers, and vannamei shrimp, due to declining export and domestic consumption demand.
•The Producer Price Index for September 2026 is likely to expand at a higher rate due to a low base and volatile global energy prices.
•US import tariffs and a strengthening Baht may pressure exporters, leading some entrepreneurs to delay price adjustments to maintain competitiveness.

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Nanthaphong Jiralertphong

"Key factors include low overall producer prices from the previous year, high global energy prices, and a weaker Baht compared to the previous year."

ปัจจัยสำคัญ ได้แก่ ราคาผู้ผลิตในภาพรวมของปีก่อนที่ต่ำ ราคาพลังงานในตลาดโลกที่อยู่ในระดับสูง และค่าเงินบาทที่อ่อนตัวเมื่อเทียบกับปีก่อน

Nanthaphong Jiralertphong(นันทพงษ์ จิระเลิศพงษ์)

Director of the Trade Policy and Strategy Office.

Trade Policy and Strategy Office(สำนักงานนโยบายและยุทธศาสตร์การค้า)

The office that released the Producer Price Index data for August 2026.

United States(สหรัฐฯ)ℹ️

The country whose import tax measures may pressure Thai exporters.

Middle East(ตะวันออกกลาง)ℹ️

The region where conflict affected rubber demand.

Strait of Hormuz(ช่องแคบฮอร์มุซ)ℹ️

A location where transport constraints affected mining product prices.