Taiwan Inflation December 2016

Taiwan

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.

The government expects inflation to average 0.8% in 2017. FocusEconomics Consensus Forecast panelists expect inflation of 1.3% in 2017, which is unchanged from last month’s forecast. For 2018 the panel also sees inflation averaging 1.3%.


Author:, Senior Economist

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Taiwan Inflation Chart


Taiwan Inflation December 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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