# Thailand inflation spike may tilt odds in favour of early rate hikes - The Business Times

> Thailand's retail inflation, already at its highest since 2008, is set to accelerate as the government lifts a freeze on some retail diesel prices from May 1. The baht's slump to a five-year low is making fuel imports more expensive for the net oil importer.

- Date: 2022-04-29 · published 2022-04-29T12:00:00.000Z
- Category: macro · region Thailand · magnitude low
- Page: https://feedsoft.ai/events/42084-thailand-inflation-spike-may-tilt-odds-in-favour-of-early-rate-hikes-the
- Commodities: [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md), [Thai Baht (THB per USD)](https://feedsoft.ai/c/USDTHB.md)

## Why it matters

Higher inflation and a weaker baht raise the likelihood of earlier Bank of Thailand rate hikes, tightening financing costs for feed and livestock operations while raising fuel and transport costs.

## Read by commodity

- DIESEL: bullish ▲
- USDTHB: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DIESEL | 2018-02-11 | [As oil falters, fuel that drove bull run is cruising in Asia - The Business Times](https://feedsoft.ai/events/11358-as-oil-falters-fuel-that-drove-bull-run-is-cruising-in-asia-the-business-times.md) | +2.9% | +0.2% |
| DIESEL | 2023-11-22 | [Petrol prices and panic sends inflation shooting up in South Africa – BusinessTech](https://feedsoft.ai/events/33325-petrol-prices-and-panic-sends-inflation-shooting-up-in-south-africa-businesstech.md) | -1.0% | -7.4% |
| DIESEL | 2023-10-25 | [Australia Q3 CPI inflation beats expectations, RBA hike in focus](https://feedsoft.ai/events/33881-australia-q3-cpi-inflation-beats-expectations-rba-hike-in-focus.md) | -2.1% | -3.9% |
| DIESEL | 2022-05-19 | [Infra, cement cos feel pinch of falling rupee, realty counts on more sales \| Company News - Business Standard](https://feedsoft.ai/events/41692-infra-cement-cos-feel-pinch-of-falling-rupee-realty-counts-on-more-sales.md) | -1.3% | +14.5% |
| DIESEL | 2026-05-22 | [Brent’s $100 Forecast May Understate the Risk of a Tighter Oil Market \| Investing.com AU](https://feedsoft.ai/events/19433-brent-s-100-forecast-may-understate-the-risk-of-a-tighter-oil-market-investing.md) | -9.5% | -20.7% |

## Sources

- businesstimes.com.sg: https://www.businesstimes.com.sg/international/thailand-inflation-spike-may-tilt-odds-favour-early-rate-hikes

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.