Taiwan Inflation


Taiwan: Inflation falls to lowest rate in seven months

November 7, 2014

Consumer prices in October rose 0.09% over the previous month. The reading contrasted the mild 0.5% increase observed in September and mainly reflected higher prices for clothing, as well as for fruits and vegetables. Conversely, prices for water, electricity and gas supply decreased compared to the previous month.

Annual headline inflation rose from 0.7% in September to 1.1% in October. Annual average inflation increased to 1.2% from September’s 1.1%, which marked the highest figure in 14 months.

Core consumer prices, which strip out prices for electricity and fresh food, rose 0.44% in October over the previous month (September: -0.08% month-on-month). Annual core inflation stabilized at September’s 1.6% in October.

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 October 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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