Inflation trends show rising consumer prices in India and Thailand

In India, the Consumer Price Index (CPI) is expected to reach approximately 6 percent in October 2026, up from 5.54 percent in September. A research report from Bank of Baroda indicates that food inflation, particularly in edible oils, tomatoes, and pulses, remains a primary risk. Additionally, adverse weather conditions affecting cattle feed costs may impact milk and protein prices. While core inflation is somewhat insulated by corporate absorption of input costs, the upcoming inflation data will be critical for the Reserve Bank of India's December monetary policy decisions.

In Thailand, the Consumer Price Index rose by 3.9 percent year-on-year in October 2026. The Trade Policy and Strategy Office (TPSO) reported that a 29.2 percent surge in fuel prices accounted for 2.18 percentage points, or roughly 56 percent, of the total CPI. While core inflation, excluding food and energy, increased by 1.58 percent, the food and non-alcoholic beverage sector saw a 4.26 percent increase, driven largely by fresh vegetables. Director Nantapong noted that while floods initially drove up vegetable prices, the situation began to stabilize toward the end of the month.