Taiwan October CPI rises 2.33% on food and import prices

Taiwan’s Directorate General of Budget, Accounting and Statistics (DGBAS) has released October consumer and import price data, showing CPI inflation remained above 2% and import prices surged sharply.

• CPI rose 2.33% year-on-year in October, while core CPI increased 2.23%; DGBAS said the rate eased from 2.74% in September because of lower vegetable prices and smaller increases in electricity and personal goods prices.
• Dining-out costs rose 3.01% year-on-year for the fifth consecutive month above 3%; Taiwan’s import price index surged 33.32% in New Taiwan dollar terms and 26.72% in U.S. dollar terms, with higher machinery and electrical equipment prices linked to AI-related demand.