Taiwan Inflation October 2020


Taiwan: Consumer prices record smallest fall since March in October

November 6, 2020

Consumer prices increased 0.36% from the previous month in October, swinging from September's 0.11% fall. October's figure marked the sharpest increase in prices since June. Looking at the details of the release, transportation prices rose in October after dropping in the previous month, while prices pressures for housing dropped. Meanwhile, prices for education and entertainment goods gained steam.

Consumer prices declined 0.2% on an annual basis in October, a less pronounced drop than September’s 0.6% decrease. October's reading represented the smallest drop in consumer prices since March. Meanwhile, the trend was unchanged with the annual average variation of consumer prices coming in at minus September's 0.1% in October.

FocusEconomics Consensus Forecast panelists see inflation coming back and averaging 1.0% in 2021, which is down 0.1 percentage points from last month’s forecast. For 2022, the panel projects inflation to average 1.1%.


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Taiwan Inflation Chart

Taiwan Inflation October 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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