Taiwan Inflation January 2016

Taiwan

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.

The government foresees inflation of 0.8% in 2016. FocusEconomics Consensus Forecast panelists expect consumer prices to fall 0.4% in 2016, which is unchanged from last month’s forecast. For 2017, the panel sees inflation rising to 1.0%.


Author: Jean-Philippe Pourcelot, Economist

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Taiwan Inflation Chart


Taiwan Inflation January 2016

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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