Taiwan Inflation

Taiwan

Taiwan: Inflation falls in November

December 5, 2014

Consumer prices in November fell 0.91% over the previous month. The reading contrasted the mild 0.08% increase observed in October and mainly reflected lower prices for fruits and vegetables, as well as for fuels and lubricants. In addition, prices for entertainment fell compared to the previous month.

Annual headline inflation fell from 1.1% in October to 0.9% in November. Annual average inflation remained stable at October’s 1.2%, which had marked the highest figure since August 2013.

Core consumer prices, which strip out prices for electricity and fresh food, fell 0.29% in November over the previous month (September: -0.43% month-on-month). In addition, annual core inflation decreased from October’s 1.6% to 1.4% in November.

The government expects inflation to average 1.53% in 2014. FocusEconomics Consensus Forecast panelists expect inflation to average 1.4% in 2014, which is unchanged from last month’s forecast. For 2015, the panel sees inflation increasing to 1.7%, which is also unchanged from the previous month’s forecast.


Author: Angela Bouzanis, Senior Economist

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Taiwan Inflation Chart


Taiwan Inflation November 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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