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%.
Author: Stephen Vogado, Economist