Taiwan: Inflation eases from four-year high
October 5, 2012
In September, consumer prices declined 0.33% over the previous month, which contrasted the 0.98% rise recorded in August. The monthly drop mainly reflected lower prices for food and clothing. As a result of the monthly fall, annual headline inflation declined from 3.4% in August - which had marked the highest level in four years - to 3.0% in September, exceeding market expectations of 2.8%. Meanwhile, the core inflation index, which excludes volatile categories such as fresh food and energy, declined 0.07% over the previous month (August: -0.21% month-on-month). As a result, annual core inflation inched down from 1.0% in August to 0.9%. Finally, annual average headline inflation inched up to 1.8% in September from 1.7% in August.