Taiwan Inflation December 2015


Taiwan: Inflation eases in December after three consecutive monthly increases

January 6, 2016

Consumer prices in December fell 0.74% over the previous month, which was slightly below November’s 0.69% decline. According to the Directorate-General of Budget, Accounting & Statistics (DGBAS), the reading mainly reflected a notable drop in the price of vegetables and in fuel and lubricants.

Inflation moderated from 0.5% in November to 0.1% in December, which is the lowest reading since August. Meanwhile, annual average consumer prices dropped 0.3% in December, which mirrored November’s print.

Core consumer prices, which strip out prices for electricity and fresh food, dropped 0.13% in December, matching November’s result. Core inflation, on the other hand, inched down from November’s 0.9% reading to 0.8% in December.

The government foresees inflation of 0.8% in 2016. FocusEconomics Consensus Forecast panelists expect consumer prices to fall 0.4% in 2016, which is unchanged from last month’s forecast. For 2017, the panel sees inflation rising to 1.0%.

Author: Jean-Philippe Pourcelot, Economist

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Taiwan Inflation Chart

Taiwan Inflation December 2015

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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