Taiwan Inflation September 2016

Taiwan

Taiwan: Inflation moderates further in September

In September, consumer prices increased 0.45% over the previous month, which was a rebound from the 0.03% fall recorded in August. The increase mainly reflected higher prices for clothing and footwear as well as for fuel and petroleum products, according to the Directorate-General of Budget, Accounting & Statistics (DGBAS).

Inflation was at 0.3% in September, coming down from the 0.6% recorded in August and marking the lowest reading since December. Annual average inflation was stable at the 1.0% recorded in August.

Core consumer prices, which exclude prices for electricity and fresh food, were virtually flat, rising only 0.09% over the previous month in September, which contrasted the 0.17% decrease in August. Core inflation rose from 0.8% in August to 1.0% in September and marked the highest level since March 2015.

The government foresees inflation of 1.1% in 2016. FocusEconomics Consensus Forecast panelists also expect inflation of 1.1% in 2016, which is unchanged from last month’s forecast. For 2017, the panel sees inflation inching up to 1.2%.


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Taiwan Inflation September 2016

Note: Month-on-month and year-on-year changes of consumer price index (CPI) in %.
Source: Directorate-General of Budget, Accounting & Statistics (DGBAS).


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