Curry Rice Prices Surge 5-10 Baht Per Plate as April Inflation Hits 2.89%, Highest in 38 Months
Thailand's inflation hit 2.89% year-on-year in April, the highest in 38 months, driven by surging fuel costs that pushed curry rice prices up 5-10 baht per plate. Officials attribute the spike to Middle Eastern conflicts affecting crude oil
According to Nanthapongsir Jiralert Pongsir, director of the Office of Trade and Strategic Policy, Thailand's consumer price index rose 2.89% year-on-year in April 2025, marking the highest increase in 38 months. Non-food and beverage categories surged 4.14%, with fuel prices jumping 30.23%, while food and non-alcoholic beverages rose 0.98%, driven by increases in prepared dishes like curry rice and noodles, as well as fresh produce including limes, cucumbers, and herbs.
The inflation surge stems primarily from crude oil price fluctuations following Middle Eastern conflicts and the ongoing blockade of the Strait of Hormuz. These pressures have been passed to consumers, particularly in single-dish meals, which carry significant weight in the inflation basket at 14.86%, seeing price increases of 5-10 baht per plate. Public transportation costs also jumped 38.83%, with airfare increasing most dramatically at 24.09%.
The Ministry of Commerce maintains its 2025 inflation forecast at 1.5-2.5%, or 2.0% at midpoint. However, if regional conflicts persist and push crude oil to $120 per barrel through June, inflation could rise to 2.5-3.5%. Despite current pressures, officials confirm Thailand has not entered stagflation, citing continued consumer spending growth, Q1 export expansion of 17.8%, ongoing investment, and unemployment remaining stable at 0.96%. The government's economic stimulus measures, including the 'half-price for all' program, are expected to support the economy through Q2.
