Taiwan Inflation May 2018

Taiwan

Taiwan: Inflation softens in May

June 6, 2018

Consumer prices decreased 0.25% from the previous month in May, contrasting the 0.64% month-on-month increase recorded in April. The fall was mainly driven by lower prices for communication fees, garments and fruits.

Inflation fell to 1.6% in May, from 2.0% in April. Annual average inflation, meanwhile, rose to 1.0% from 0.8% a month earlier.

Core consumer prices, which exclude prices for energy, fruits and vegetables, fell 0.31% on a month-on-month basis in May, again contrasting the 0.47% increase recorded in April. Core inflation slowed to 1.0% in May, from 1.3% in April.

The government expects inflation to average 1.2% in 2018. FocusEconomics Consensus Forecast panelists expect inflation to average 1.4% 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

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Taiwan Inflation April 2018 0

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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