Taiwan Inflation

Taiwan

Taiwan: Inflation falls in December

January 6, 2015

Consumer prices in December fell 0.36% over the previous month, which followed the 0.90% decrease observed in November. The reading mainly reflected lower prices for fuels and lubricants, as well as for clothing. In addition, prices for water, electricity and gas fell compared to the previous month.

Annual headline inflation fell from 0.9% in November to 0.6% in December, which marked the lowest level in 10 months. The reading was below market expectations of 0.7% inflation. Annual average inflation for 2014 rose to 1.2%, which was above 2013’s 0.8% figure.

Core consumer prices, which strip out prices for electricity and fresh food, fell 0.06% in December over the previous month (November: -0.28% month-on-month). However, annual core inflation stabilized at November’s 1.4%, which had marked the lowest reading since April 2014.

The government expects inflation to average 0.91% in 2015. FocusEconomics Consensus Forecast panelists expect inflation to average 1.4% in 2015, which is down 0.3 percentage points from last month’s forecast. For 2016, the panel sees inflation increasing to 1.6%.


Author: Angela Bouzanis, Senior Economist

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Taiwan Inflation Chart


Taiwan Inflation December 2014

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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