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Taiwan Inflation March 2024

Taiwan: Inflation moderates in March

Inflation fell to 2.1% in March, below February’s 3.1%. The reading was largely due to a slower increase in prices for food. In addition, price pressures for housing and education and entertainment eased.

The trend was unchanged, with annual average inflation coming in at February’s 2.4% in March.

Lastly, consumer prices dropped 0.66% over the previous month in March, contrasting February’s 0.63% increase. March’s result marked the weakest reading since February 2020, but was distorted by the fact that the Lunar New Year (LNY) festivities fell in February; the LNY is associated with stronger demand for food and transport, and thus higher price pressures.

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