Taiwan Inflation November 2016

Taiwan

Taiwan: Inflation rises in November

December 6, 2016

Consumer prices in Taiwan decreased 0.43% over the previous month in November, which contrasted the 1.45% increase recorded in October. The price fall was driven by the harvest of quick-maturing vegetable crops, causing the price of vegetables to fall 4.72% compared to October. The price of fuel and clothes also fell, while the price of entertainment rose.

Inflation was 2.0% in November, which was above the 1.7% recorded in October and marked the highest reading since March. Moreover, annual average inflation accelerated from 1.1% in October to 1.3% in November.

Core consumer prices, which exclude prices for electricity and fresh food, declined 0.26% over the previous month in November, contrasting the 0.52% increase registered in October. Core inflation dipped slightly to 0.8% in November from 1.0% in October.

The government foresees inflation of 1.3% in 2016 followed by 0.8% in 2017. FocusEconomics Consensus Forecast panelists expect inflation of 1.2% in 2017, which is unchanged from last month’s forecast. For 2018 the panel sees inflation reaching 1.3%.


Author:, Senior Economist

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Taiwan Inflation November 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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