Inflation in Taiwan
Taiwan - Inflation
Inflation holds stable in October
Consumer prices rose 0.30% in October over the previous month, accelerating from September's 0.16% rise. The result was driven by rising prices for food and transportation.
Inflation was stable at 2.6% in October. Relatively elevated inflation readings in recent months can be attributed to torrential rains increasing vegetable prices, global supply constraints and higher international commodity prices. Meanwhile, the trend pointed up slightly, with annual average inflation coming in at 1.5% in October (September: 1.3%).
Our panelists project inflation to average 1.5% in 2022, which is up 0.1 percentage points from last month’s forecast, and 1.4% in 2023.
Taiwan - Inflation Data
|Inflation Rate (CPI, annual variation in %)||-0.3||1.4||0.6||1.4||0.6|
5 years of economic forecasts for more than 30 economic indicators.
Taiwan Inflation Chart
Source: Directorate-General of Budget, Accounting & Statistics and FocusEconomics calculations.
|Bond Yield||0.69||1.28 %||Dec 31|
|Exchange Rate||29.91||0.07 %||Jan 01|
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November 23, 2021
Industrial output increased 11.2% compared to the same month of the previous year in October, which was a deterioration from September's 11.6% increase.
November 8, 2021
Merchandise exports jumped 24.6% year-on-year in October (September: +29.2% year-on-year).
November 5, 2021
Consumer prices rose 0.30% in October over the previous month, accelerating from September's 0.16% rise.
November 1, 2021
The IHS Markit Manufacturing Purchasing Managers' Index (PMI) rose to 55.2 in October from September's 54.7.
October 29, 2021
According to a preliminary reading, GDP growth lost momentum, falling to 3.8% year-on-year in the third quarter, from 7.4% in the second quarter.