Taiwan Inflation January 2021

Taiwan

Taiwan: Consumer prices register biggest annual drop since October 2020 in January

February 5, 2021

Consumer prices increased 0.38% in January over the previous month, picking up from the 0.03% rise logged in December. January's reading was the sharpest increase in prices since June 2020. The acceleration was broad-based, with greater price pressures recorded for food, housing, and transportation. In addition, prices for education and entertainment gained steam.

Consumer prices declined 0.2% on an annual basis in January, contrasting December’s 0.1% increase. January's figure represented the largest fall in consumer prices since October 2020. Accordingly, the trend pointed down slightly, with the annual average variation of consumer prices coming in at minus 0.4% in January (December: -0.2%).

FocusEconomics Consensus Forecast panelists see inflation averaging 1.0% in 2021, which is unchanged from last month’s forecast. For 2022, the panel projects inflation to average 1.1%.


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Taiwan Inflation January 2021

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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