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.