Taiwan Inflation May 2019


Taiwan: Inflation increases in May

June 5, 2019

Consumer prices rose 0.15% in May from the previous month, down from the 0.75% increase logged in April. The print was largely driven by higher prices for fruits and vegetables, caused by heavy rainfall in the month, while conversely the price of communications and garments fell, offsetting some of the overall increase.

Inflation increased from 0.7% in April to 0.9% in May, and annual average inflation was stable at April’s 0.9%. Core consumer prices, which exclude prices for energy, fruits and vegetables decreased 0.17% month-on-month, contrasting April’s 0.62% rise. Lastly, core inflation was stable at 0.6% in May.

The government expects inflation to average 0.7% in 2019. FocusEconomics panelists expect inflation to average 0.9% in 2019, which is unchanged from last month’s forecast, and 1.1% in 2020.

Author:, Economist

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Taiwan Inflation Chart

Taiwan Inflation May 2019

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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