Taiwan Inflation December 2018

Taiwan

Taiwan: Inflation flattens in December

January 8, 2019

Consumer prices fell 0.50% in December from the previous month, up from the 0.61% decline logged in November. As in November, the decline was notably due to lower prices for vegetables and fruits amid an abundant harvest. It was furthered by a decline in the price of fuel and lubricants, and garments, which came on the back of the recent rout in crude oil markets and year-end promotions, respectively.

Inflation, meanwhile, was flat in December, down from 0.3% in November. Annual average inflation ticked down from 1.5% in November to 1.4% in December.

Core consumer prices, which exclude prices for energy, fruits and vegetables, were flat month-on-month in December, following November’s 0.15% month-on-month decline. Lastly, core inflation fell to 0.5% in December from 0.7% in November.

The government expects inflation to average 1.1% in 2019. FocusEconomics Consensus Forecast panelists expect inflation to average 1.4% in 2019, which is unchanged from last month’s forecast. For 2020, the panel sees inflation averaging 1.3%.


Author:, Economist

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Taiwan Inflation Chart


Taiwan Inflation December 2018

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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