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Taiwan's CPI Hits 11-Month High Amid Lunar New Year

2/8/2025

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Summary

Story summary

Taiwan's Consumer Price Index soared to 2.66% in January, marking an 11-month high, driven by rising service costs during the Lunar New Year festivities. Core CPI climbed to 2.26%, while food prices, especially vegetables, skyrocketed by 20.3%. Additionally, the producer price index jumped 3.87%, highlighting escalating costs in agriculture and electronics.

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Story summary

Taiwan's Consumer Price Index soared to 2.66% in January, marking an 11-month high, driven by rising service costs during the Lunar New Year festivities. Core CPI climbed to 2.26%, while food prices, especially vegetables, skyrocketed by 20.3%. Additionally, the producer price index jumped 3.87%, highlighting escalating costs in agriculture and electronics.