Taiwan Inflation November 2018

Taiwan

Taiwan: Inflation continues to fall in November

December 5, 2018

Consumer prices fell 0.60% in November from the previous month, contrasting the 0.08% uptick logged in October. The decrease came on the back of notably lower prices for vegetables amid an abundant harvest, coupled with a decline in the price of garments as well as fuel and lubricants.

Inflation plunged to 0.3% in November, from 1.2% in October. Meanwhile, annual average inflation was stable at October’s 1.5% in November.

Core consumer prices, which exclude prices for energy, fruits and vegetables, decreased 0.15% month-on-month, contrasting October’s 0.34% rise. Core inflation was unchanged from October’s 0.7% in November.

The government expects inflation to average 1.1% in 2019. FocusEconomics Consensus Forecast panelists expect inflation to average 1.4% in 2019, which is unchanged from last month’s forecast. For 2020, the panel also sees inflation averaging 1.4%.


Author:, Economist

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Taiwan Inflation Chart


Taiwan Inflation November 2018

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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