Taiwan Inflation December 2019

Taiwan

Taiwan: Inflation accelerates in December

January 7, 2020

Consumer prices increased 0.04% in December compared with the previous month, contrasting the 0.41% decrease in November. The reading reflected higher prices for food, fuel and transportation, partially offset by the falling price of clothing brought about by seasonal sales.

Core consumer prices, which exclude prices for energy, fruits and vegetables, remained unchanged in December from the previous month, contrasting the 0.25% decrease in November.

Inflation, meanwhile, picked up to 1.1% from November’s 0.6%. Annual average inflation inched up to 0.6% from 0.5%.

FocusEconomics Consensus Forecast panelists expect inflation to average 0.9% in 2020, which is down 0.1 percentage points from last month’s forecast. In 2021, the panel sees inflation averaging 1.2%.


Author:, Economist

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Taiwan Inflation December 2019 0

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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