Taiwan: Inflation rises in December
January 5, 2017
In December, consumer prices fell 1.00% from the previous month, which was more than the 0.43% drop recorded in November. The price fall was driven by the harvest of quick-maturing vegetable crops, causing the price of vegetables to plunge 28.2% compared to November. The price of fuel and clothes also fell in December.
Inflation was 1.7% in December, which was below the 2.0% recorded in November. Meanwhile, annual average inflation inched up from 1.3% in November to 1.4% in December.
Core consumer prices, which exclude prices for electricity and fresh food, declined 0.15% from the previous month in December, following a 0.25% decrease in November. Core inflation remained stable at November’s 0.8% in December.
Author: Ricardo Aceves, Senior Economist