Taiwan Inflation


Taiwan: Inflation moderates in May

June 5, 2014

In May, consumer prices added 0.14% over the previous month. The print came in below the 0.66% increase registered in April and mainly reflected that lower prices for clothing, cosmetic items and services for personal care offset higher fresh food prices.

As a result of the subdued monthly increase, annual headline inflation inched down from 1.7% in April—a 14-month high—to 1.6% in May, which undershot the 1.7% rate the market had expected. Annual average inflation inched up from 0.6% in April to 0.7% in May.

Core consumer prices, in which prices for fresh food and energy are not considered, were virtually unchanged in May (April: +0.82% month-on-month) and drove annual core inflation to 1.5% (April: 1.2% year-on-year).

The government expects inflation to average 1.07% in 2014. FocusEconomics Consensus Forecast panelists expect inflation to average 1.3% in 2014, which is unchanged from last month’s forecast. For 2015, the panel sees inflation increasing to 1.7%.

Author:, Senior Economist

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Taiwan Inflation Chart

Taiwan Inflation May 2014

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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