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.