Taiwan’s consumer price inflation accelerated sharply in February to the highest level in three years, figures from the Taiwan National Statistics showed Tuesday.
The consumer price index climbed 2.4 percent year-over-year in February, much faster than the 0.8 percent increase in January.
The latest rate of increase was the sharpest since February 2013, when prices had risen 2.96 percent.
Food prices grew 8.45 percent annually in February and housing costs went up by 1.42 percent. At the same time, transportation and communication costs fell by 3.26 percent.
On a monthly basis, consumer prices rose 1.94 percent in February.
The statistical office announced that wholesale prices declined at a slower pace of 4.79 percent yearly in February, following a 5.09 percent fall in the prior month.
Prices have been falling since September 2015. Month-on-month, wholesale prices edged down 0.25 percent.
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