Taiwan Inflation September 2021

Taiwan

Taiwan: Inflation comes in at highest level since February 2013 in September

October 6, 2021

Consumer prices increased 0.17% from the previous month in September, below August's 0.59% rise. September's result marked the softest rise in prices since March. The cooling of price pressures was primarily due to a more moderate rise in prices for food. In addition, price pressures for housing eased.

Inflation increased to 2.6% in September, following August’s 2.4%. September's result marked the highest inflation rate since February 2013. More elevated inflation readings in recent months can be attributed to torrential rains increasing vegetable prices, global supply constraints and higher international commodity prices. Annual average inflation rose to 1.3% in September (August: 1.0%).

Our panelists project inflation to average 1.7% in 2021, and 1.4% in 2022, which is unchanged from last month’s estimate.


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Taiwan Inflation September 2021

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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