It was the highest inflation rate since August of 2012 amid a pickup in prices of food 691 percent vs 590 percent in March and housing 178 percent vs 155 percent. Upward pressure was also high in transportation.
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The annual inflation rate of Taiwan inched up to 338 percent in April of 2022 from 327 percent in the previous month and beat market expectations of 325 percent.
. The annual inflation rate in the Euro Area rose to a fresh record high of 75 in April of 2022 from 74 in March and mostly in line with market expectations as the war in Ukraine and sanctions on Russia continued to push prices of commodities higher preliminary estimates showed. The inflation is now more than three times above the ECB target of 2.
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