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.