Taiwan: Inflation rises in September but remains mild
Inflation increased to 2.8% in September, above August’s 2.7%. The uptick was largely driven by a faster rise in prices for food. In addition, price pressures for housing grew at a quicker pace. However, Taiwan’s inflation is far below the rates observed in other developed markets.
Annual average inflation remained at August’s 3.0% in September. Lastly, consumer prices increased 0.24% over the previous month in September, contrasting August’s 0.09% drop.