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Taiwan: Inflation accelerates in October from September
Latest reading: Consumer prices rose 1.5% in annual terms in October, following a 1.3% increase in the previous month.
Relative to the previous month’s data, there were higher price pressures for housing (+2.0% on a year-on-year basis vs +1.6% in September), transportation (-1.4% vs -2.0% in September) and education and entertainment (+1.4% vs +0.9% in September). In contrast, price pressures reduced for food in October(+2.0% vs +2.6% in September).
Finally, consumer prices were up 0.47% in October on a month-on-month basis, following a 0.23% fall in the prior month.
