Taiwan Inflation


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.

The government expects consumer prices to fall 0.19% in 2015 and inflation of 0.74% in 2016. FocusEconomics Consensus Forecast panelists expect consumer prices to fall 0.3% in 2015, which is down 0.2 percentage points from last month’s forecast. For 2016, the panel sees inflation rising to 1.2%.

Author: Angela Bouzanis, Senior Economist

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Taiwan Inflation Chart

Taiwan Inflation September 2015

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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