Economy
Thailand’s Economic Strain: Rising Costs Create 'New Vulnerable' Group
A surge in global oil prices and rising living costs have pushed Thai households earning under 30,000 baht into a state of financial fragility.
According to a report by Prachachat Business published on September 12, 2026, Thailand is facing a significant purchasing power crisis driven by escalating energy costs. Global crude oil prices have surpassed $100 per barrel, placing immense pressure on the domestic economy.
Thakorn from TTB Bank identified individuals earning less than 30,000 baht per month as the 'new vulnerable' group. These households are currently struggling with surging expenses and high debt levels, leading to a notable increase in loan application rejections. The Bank of Thailand governor has also highlighted the ongoing challenges faced by small and medium-sized enterprises (SMEs) in this difficult economic climate.
For residents and expatriates, this situation may manifest as increased volatility in local prices and tighter credit conditions. While the immediate impact is felt through higher fuel and utility costs, the broader economic ripple effects on local businesses remain to be seen. It is currently unclear what specific government interventions or fiscal policies might be introduced to mitigate these pressures. Observers should monitor official updates from the Bank of Thailand regarding potential support measures for SMEs and the broader consumer market.
