Taiwan Inflation

Taiwan

Taiwan: Drop in annual consumer prices eases in August

September 8, 2015

Consumer prices in August rose 0.63% over the previous month, which contrasted July’s 0.11% drop. According to the Directorate-General of Budget, Accounting & Statistics (DGBAS), the reading mainly reflected a notable rise in the prices of vegetables and fruits, mainly due to the typhoon and heavy rainfall.

Annual consumer prices dropped 0.4% in August, which was a more moderate decline than July’s 0.6% fall and the 0.6% decrease expected by market analysts’. In addition, August’s result marked a six-month high. The variation in annual average consumer prices swung from a 0.1% rise in July to a 0.2% fall in August.

Core consumer prices, which strip out prices for electricity and fresh food, fell 0.16% in August over the previous month, which contrasted July’s 0.18% increase. Core inflation inched down from July’s 0.7% to 0.6% in August.

The government expects inflation to average 0.13% in 2015. FocusEconomics Consensus Forecast panelists expect consumer prices to fall 0.1% in 2015, which is down 0.1 percentage points from last month’s forecast. For 2016, the panel sees inflation rising to 1.4%.


Author: Angela Bouzanis, Senior Economist

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Taiwan Inflation Chart


Taiwan Inflation August 2015

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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