Taiwan Inflation August 2020


Taiwan: Consumer prices fall year-on-year for fifth month running in August

September 8, 2020

Consumer prices edged up 0.18% over the previous month in August, following July’s 0.14% rise. Looking at the details of the release, August’s increase largely reflected higher prices for food, and transportation and communication outweighing falling prices for clothing. Core consumer prices—which exclude prices for energy, fruits and vegetables— slid 0.02% month-on-month in August, contrasting July’s 0.09 rise.

Consumer prices declined 0.3% year-on-year in August, softening from July’s 0.5% fall. Meanwhile, annual average inflation was flat in August, down from July’s 0.1%.

FocusEconomics Consensus Forecast panelists expect consumer prices to fall by an average of 0.1% in 2020, which is unchanged from last month’s forecast. In 2021, the panel sees inflation averaging 1.1%.


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Taiwan Inflation Chart

Taiwan Inflation August 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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