Oil Shock Pushes Thailand’s Inflation Toward Positive Territory

Thailand’s yearlong stretch of falling prices is nearing an end, as higher oil costs and Middle East supply disruptions begin feeding through to inflation.

Consumer prices fell 0.08% in March from a year earlier, marking a 12th straight month declines but a quick acceleration from a 0.88% drop in February, Commerce Ministry data showed Tuesday. The reading was below the 0.2% median estimate in a Bloomberg survey of economists.