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Taiwan Inflation May 2023

Taiwan: Inflation falls to over one-year low in May

Inflation ticked down to 2.0% in May from April’s 2.3%. May’s reading marked the lowest inflation rate since July 2021. The decline was broad-based, with reduced price pressures recorded for food, housing, and transportation.

Accordingly, the trend pointed down mildly, with annual average inflation coming in at 2.7% in May (April: 2.8%).

Lastly, consumer prices fell 0.07% over the previous month in May, swinging from April’s 0.76% rise. May’s result marked the weakest reading since February.

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