Bank of America Securities: Thailand's overall inflation rate is expected to peak in the fourth quarter.

Bank of America economists said in a report that with the continued decline in energy prices, overall inflation in Thailand may peak in the fourth quarter. Prior to this, due to the low energy price base a year ago, as well as energy shocks caused by the Iran war leading to increases in pre-packaged food prices, inflation is expected to rise. Core inflation may also continue to accelerate due to second-round effects, but with weak household demand, broader spill-over effects should still be limited. Bank of America Securities expects overall inflation in Thailand to rise to 3.2% year-on-year in the fourth quarter.