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.