Global consumer price fluctuations

Inflationary pressures have been observed across various regions, primarily driven by rising costs in the food and fuel sectors.

In Morocco, consumer prices rose by 0.5% year-on-year in September, following contractions in the preceding months. This increase was largely attributed to a 1.6% rise in food prices, specifically meat and vegetables, alongside a 2% increase in fuel costs. The transport sector experienced a 9.4% annual increase due to high imported fuel costs.

In India, the Consumer Price Index was expected to reach approximately 6% in October 2026, up from 5.54% in September. Risks to this trend include food inflation in edible oils, tomatoes, and pulses, as well as potential impacts on milk and protein prices due to cattle feed costs.

In Thailand, the Consumer Price Index rose 3.9% year-on-year in October 2026. A significant driver was a 29.2% surge in fuel prices, which accounted for roughly 56% of the total CPI increase. Additionally, the food and non-alcoholic beverage sector saw a 4.26% increase, influenced by vegetable prices following floods.