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Taiwan Inflation January 2023

Taiwan: Inflation comes in at highest level since July 2022 in January

Inflation came in at 3.0% in January, up from December’s 2.7%. January’s reading was the highest inflation rate since July 2022. The reading was primarily driven by faster increases in prices for food and housing. That said, inflation has still eased substantially from its mid-2022 level, and is currently far below comparable readings in other developed markets.

The trend pointed up slightly, with annual average inflation coming in at 3.0% in January (December: 2.9%).

Finally, consumer prices rose 0.89% in January over the previous month, picking up from December’s 0.15% rise. January’s result marked the highest reading since February 2019.

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