Taiwan Inflation February 2018

Taiwan

Taiwan: Inflation shoots up to thirteen-month high in February

March 7, 2018

Consumer prices increased 0.93% from the previous month in February, contrasting the 0.35% month-on-month fall logged in January. The effects of the Lunar New Year drove most of the increase, with the prices of entertainment, fish and seafood, and transport all rising as the festivities ramped up demand, while the prices of nursing care and nursery services shot up by nearly a third, as is customary during this period of the year.

Inflation jumped to 2.2% in February, up from 0.9% in January and the highest print since January 2017. Annual average inflation, meanwhile, rose to 0.7% from 0.5% a month earlier.

Core consumer prices, which exclude prices for energy and fresh food, increased 1.09% in February on a month-on-month basis, markedly contrasting the 0.08% decline recorded in the previous month. Core inflation was 2.4%, significantly accelerating from January’s 0.8%.

The government expects inflation to average 1.21% in 2018. FocusEconomics Consensus Forecast panelists expect inflation to average 1.3% in 2018, which is up 0.1 percentage points from last month’s forecast. For 2019, the panel sees inflation averaging 1.3%.


Author:, Economist

Sample Report

Looking for forecasts related to Inflation in Taiwan? Download a sample report now.

Download

Taiwan Inflation Chart


Taiwan Inflation February 2018

Note: Month-on-month and year-on-year changes of consumer price index (CPI) in %.
Source: Directorate-General of Budget, Accounting & Statistics (DGBAS).


Taiwan Economic News

  • Taiwan: Growth accelerates in Q4 2019

    February 12, 2020

    The economy expanded 3.3% in the fourth quarter compared to the same quarter a year earlier, according to a second GDP release.

    Read more

  • Taiwan: Exports and imports slump in January, trade surplus widens

    February 7, 2020

    Merchandise exports slumped 7.6% in annual terms in January, contrasting December’s 4.0% expansion.

    Read more

  • Taiwan: Manufacturing PMI rises to 17-month high in January

    February 3, 2020

    The manufacturing Purchasing Managers’ Index (PMI), reported by IHS Markit, climbed to 51.8 in January from 50.8 in December, thus moving further above the 50-threshold and signaling the fastest pace of improvement in operating conditions since August 2018. The improvement came amid stronger growth of both output and new work received by manufacturers, while export sales returned to expansionary territory for the first time in 17 months.

    Read more

  • Taiwan: Industrial production soars in December

    January 22, 2020

    Industrial output increased 6.0% in December compared to the same month a year earlier, quickening from the 1.8% increase recorded in November. The acceleration in December was chiefly driven by strong output growth in the manufacturing sector, which represents more than 90% of total industrial production, while a return to expansion in electricity and gas supply supported the overall figure.

    Read more

  • Taiwan: Economic activity accelerates in Q4

    January 21, 2020

    The economy grew 3.4% in the final quarter of 2019 compared to the same period a year earlier, according to an advance GDP estimate, up from the third quarter’s 3.0% increase.

    Read more

More news

Search form