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Taiwan Inflation October 2023

Taiwan: Inflation comes in at highest level since January in October

Inflation came in at 3.0% in October, which was up from September’s 2.9%. October’s figure marked the highest inflation rate since January. Looking at the details of the release, prices for food rose at a faster pace in October, linked to recent typhoon rains, while the rise in prices for services was robust due to strong demand.

Annual average inflation remained at September’s 2.4% in October.

Lastly, consumer prices increased 0.38% in October over the previous month, which was below September’s 0.62% increase. October’s result marked the weakest reading since July.

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