Thailand's inflation accelerated for the second month in a row in September, gradually approaching the upper limit of the central bank's target range; severe floods further increased the risk that food prices would rise. According to data released by Thailand's Ministry of Commerce on Tuesday, the consumer price index rose 2.82% year on year in September, up from 2.53% in August. However, this reading is still below the median expectations of 3.1% of economists surveyed by the media. Despite some recovery in inflation, it is still within the Bank of Thailand's target range of 1% to 3%. After a period where price pressure continued to be sluggish, the current round of increases brought inflation closer to the upper limit of the range.

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