FX.co ★ Taiwan Inflation Picks Up in October

Taiwan's annual inflation rate experienced an increase to 1.48% in October, rising from 1.25% recorded in September, yet it still falls below the central bank’s target of 2%. This upward trend was largely attributed to accelerated price growth in several sectors: housing saw an increase to 2.00% from 1.62%, education and entertainment climbed to 1.44% from 0.92%, and miscellaneous goods and services rose to 3.18% from 2.54%. Additionally, there was a recovery in clothing prices, which went up to 0.44% following a previous decline of -0.92%. Meanwhile, the reduction in prices for transportation and communication eased, moderating to -1.40% from -2.03%. Conversely, the rate of price increases slowed down in the food sector, dropping to 2.02% from 2.64%, as well as in the health sector, which decreased to 1.75% from 1.94%. On a seasonally adjusted basis, consumer prices increased by 0.25% from the prior month, succeeding a 0.11% rise in September.