Thailand's August 2025 inflation accelerated to 2.53% year-on-year (up from 1.95% in July), driven primarily by elevated fuel prices linked to Middle East tensions and higher food costs (processed foods, eggs, fresh chicken, vegetables, fruits). Core inflation stands at 1.44%. Officials project Q3 average inflation of ~2.37% and warn Q4 could approach 2.7% if regional conflict persists, though the full-year forecast remains 1.5–2.5%. Food price pass-throughs to single-dish meals appear to be moderating. For SMEs managing costs (food vendors, transport logistics, retail), sustained inflation pressure through year-end warrants pricing and inventory strategy review.