Inflation slides in February
Inflation came in at 2.4% in February, down from January’s 3.1%. The reading was largely driven by slower growth in prices for food. In addition, price pressures for housing, transport, and education and entertainment rose at a softer pace. A drop-off in consumer demand following the end of the Lunar New Year holiday likely played a role in February’s decline. Inflation is now down roughly a third from its mid-2022 peak, and far below comparable readings in other developed markets.
Annual average inflation remained at January’s 3.0% in February.
Finally, consumer prices fell 0.61% from the previous month in February, contrasting January’s 0.90% rise. February’s result marked the weakest reading since February 2020.
Taiwan Inflation (Core, ann. var. %, aop) Data
|Inflation (Core, ann. var. %, aop)||1.0||1.2||0.5||0.4||1.3|