Bank of America Securities economists said in a report that as energy prices continue to fall, Thailand's overall inflation rate may peak in the fourth quarter. Prior to that, the inflation rate was expected to rise due to the low energy price base a year ago and the rise in the price of prepared food due to the energy shock caused by the war in Iran. The core inflation rate is likely to continue to accelerate due to the second round of effects, but with weak household demand, the broader spillover effects should still be limited. Bank of America Securities expects Thailand's overall inflation rate to rise to 3.2% year on year in the fourth quarter.

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