Taiwan Inflation January 2018

Taiwan

Taiwan: Inflation slows in January

February 6, 2018

Consumer prices decreased 0.35% from the previous month in January, following a 0.15% month-on-month fall registered in December. January’s reading was weighed on by a fall in the prices of vegetables, fruits and garments. Conversely, the prices of fuels and lubricants, eggs, and tobacco and betel nuts all increased during the month.

Meanwhile, inflation moderated to 0.9% in January, from 1.2% in December. Annual average inflation edged down to 0.5% from 0.6% a month earlier.

Core consumer prices, which exclude prices for energy and fresh food, decreased 0.08% in January on a month-on-month basis, contrasting the 0.14% increase recorded in the previous month. Core inflation fell to 0.8% from 1.6% in December.

The government expects inflation to average 1.21% in 2018. FocusEconomics Consensus Forecast panelists expect inflation to average 1.1% in 2018, which is down 0.1 percentage points from last month’s forecast. For 2019, the panel sees inflation averaging 1.3%.


Author:, Economist

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Taiwan Inflation Chart


Taiwan Inflation January 2018

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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