Taiwan Inflation


Taiwan: Drop in annual consumer prices eases in May

June 5, 2015

Consumer prices in May rose 0.24% over the previous month, which followed April’s 0.47% increase. According to the Directorate-General of Budget, Accounting & Statistics (DGBAS), the reading mainly reflected increases in the prices of fuels and lubricants as well as prices for water, electricity and gas supply that were partly offset by a decrease in prices for fruits, meats and eggs. In addition, prices of clothing fell.

Annual consumer prices dropped 0.7% in May, which was a more moderate decline compared to April’s 0.8% decrease. The figure matched market analysts’ expectations. Annual average inflation fell from April’s 0.6% to 0.5% in May.

Core consumer prices, which strip out prices for electricity and fresh food, fell 0.05% in May over the previous month, contrasting April’s 0.53% rise. Core inflation fell from April’s 0.7% to 0.6% in May.

The government expects inflation to average 0.91% in 2015. FocusEconomics Consensus Forecast panelists expect inflation to average 0.1% in 2015, which is down 0.1 percentage points from last month’s forecast. For 2016, the panel sees inflation increasing to 1.5%.

Author: Angela Bouzanis, Senior Economist

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Taiwan Inflation Chart

Taiwan Inflation May 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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