Taiwan Inflation December 2020

Taiwan

Taiwan: Inflation stable in December

January 8, 2021

Consumer prices increased 0.03% from the previous month in December, contrasting November's 0.06% drop. The rebound was driven by rising prices for food and housing. In addition, prices for education and entertainment fell at a more modest pace.

Inflation came in at 0.1% in December, unchanged from the previous month’s reading. Similarly, the trend was unchanged with the annual average variation of consumer prices coming in at November's minus 0.2% in December.

FocusEconomics Consensus Forecast panelists see inflation averaging 1.0% in 2021, which is unchanged from last month’s forecast. For 2022, the panel projects inflation to average 1.1%.


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Taiwan Inflation December 20 20 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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