Taiwan: Inflation tallied unexpectedly in September
October 7, 2015
Consumer prices in September rose 0.68% over the previous month, which followed August’s 0.63% increase. According to the Directorate-General of Budget, Accounting & Statistics (DGBAS), the reading mainly reflected a notable rise in the prices of vegetables and fruits, largely due to the ongoing typhoon.
Inflation came in at 0.3% in September, which marked the first rise in annual consumer prices since December 2014. Consumer prices fell 0.4% in July over the same month last year. September’s result surprised market analysts, who had expected a 0.5% decrease in consumer prices. Despite the figure, the variation in annual average consumer prices remained unchanged at August’s minus 0.2%.
Core consumer prices, which strip out prices for electricity and fresh food, fell 0.10% in September over the previous month, which followed August’s 0.16% decrease. Core inflation remained stable at August’s 0.6% in September.