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.
Author: Ricardo Aceves, Senior Economist