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Taiwan Inflation November 2022

Taiwan: Inflation falls to lowest level since February in November

Inflation dropped to 2.3% in November, following Octobers 2.7%. November’s result represented the lowest inflation rate since February. The decline was broad-based, with lower price pressures recorded for food, housing, and transportation. Inflation has now eased substantially from its mid-year level, and is currently far below comparable readings in other developed markets.

Accordingly, the trend pointed down mildly, with annual average inflation coming in at 2.9% in November (October: 3.0%).

Finally, consumer prices dropped 0.15% over the previous month in November, contrasting the 0.28% rise recorded in October. November’s result marked the weakest reading since December 2021.

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