Taiwan Inflation February 2020

Taiwan

Taiwan: Consumer prices drop for first time in over a year

March 6, 2020

Consumer prices decreased 1.08% in February compared with the previous month, contrasting January’s revised 0.61% increase (previously reported: +0.59%). The reading was driven by lower prices for nursery and nursing care, fruit, entertainment, and transportation—likely reflecting slumping demand following Chinese New Year holidays in the prior month.

Core consumer prices, which exclude prices for energy, fruits and vegetables, decreased 0.8% month-on-month in February contrasting the 0.7% increase recorded in January.

In year-on-year terms, meanwhile, consumer prices fell 0.2% in February, swinging from the 1.9% increase observed in January and marking the first drop in prices since December 2018. Lastly, annual average inflation remained at 0.7% in February, unchanged from the previous month.

FocusEconomics Consensus Forecast panelists expect inflation to average 0.9% in 2020, which is unchanged from last month’s forecast. In 2021, the panel sees inflation averaging 1.1%.


Author:, Economist

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Taiwan Inflation February 20 20

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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