Taiwan: Inflation jumps up in January
February 5, 2016
Consumer prices in January fell 0.56% over the previous month, which came in above December’s 0.74% decline. According to the Directorate-General of Budget, Accounting & Statistics (DGBAS), the reading mainly reflected a notable drop in the price for vegetables and for fuel and lubricants.
Inflation jumped up from 0.1% in December to 0.8% in January, which is the highest reading since November 2014. Meanwhile, annual average consumer prices inched up from minus 0.3% in December to minus 0.2% in January.
Core consumer prices, which strip out prices for electricity and fresh food, fell 0.16% in January, which was down from the revised 0.12% drop recorded in December (previously reported: -0.13% month-on-month). Core inflation, on the other hand, inched down from December’s 0.8% reading to 0.7% in January.