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%).