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Taiwan Inflation March 2023

Taiwan: Inflation holds steady in March

Inflation came in at 2.4% in March, matching February’s reading. Rising price pressures for food were offset by a fall in transport prices. Inflation is roughly a third below its mid-2022 peak, and far below comparable readings in other developed markets.

Annual average inflation edged down to 2.9% in March (February: 3.0%). Finally, consumer prices increased 0.24% in March over the previous month, contrasting the 0.61% drop recorded in February.

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