Taiwan Inflation October 2021

Taiwan

Taiwan: Inflation holds stable in October

November 5, 2021

Consumer prices rose 0.30% in October over the previous month, accelerating from September's 0.16% rise. The result was driven by rising prices for food and transportation.

Inflation was stable at 2.6% in October. Relatively elevated inflation readings in recent months can be attributed to torrential rains increasing vegetable prices, global supply constraints and higher international commodity prices. Meanwhile, the trend pointed up slightly, with annual average inflation coming in at 1.5% in October (September: 1.3%).

Our panelists project inflation to average 1.5% in 2022, which is up 0.1 percentage points from last month’s forecast, and 1.4% in 2023.


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Taiwan Inflation October 2021

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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