Taiwan Inflation


Inflation moderates in October

Consumer prices in October rose 0.09% over the previous month, which marked a deceleration from September’s 0.68% increase. According to the Directorate-General of Budget, Accounting & Statistics (DGBAS), the reading mainly reflected increases in the price for garments, new seasonal products, fruits, and fuels.

Inflation remained stable at September’s 0.3% reading, which marked the first back-to-back increases in annual consumer prices since December 2014. Despite the rise, the variation in annual average consumer prices remained unchanged at September’s 0.2% drop.

Core consumer prices, which strip out prices for electricity and fresh food, rose 0.52% in October over the previous month, a notable turnaround from September’s 0.10% decrease. Core inflation also increased and inched up from September’s 0.6% reading to 0.7% in October.

The government expects consumer prices to fall 0.19% in 2015 and foresees inflation of 0.74% in 2016. FocusEconomics Consensus Forecast panelists expect consumer prices to fall 0.4% in 2015, which is unchanged from last month’s forecast. For 2016, the panel sees inflation rising to 1.0%, which is also unchanged from last month’s forecast.

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Taiwan Inflation Chart

Taiwan Inflation October 2015

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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