Inflation in Taiwan
Taiwan - Inflation
Inflation flattens in December
Consumer prices fell 0.50% in December from the previous month, up from the 0.61% decline logged in November. As in November, the decline was notably due to lower prices for vegetables and fruits amid an abundant harvest. It was furthered by a decline in the price of fuel and lubricants, and garments, which came on the back of the recent rout in crude oil markets and year-end promotions, respectively.
Inflation, meanwhile, was flat in December, down from 0.3% in November. Annual average inflation ticked down from 1.5% in November to 1.4% in December.
Core consumer prices, which exclude prices for energy, fruits and vegetables, were flat month-on-month in December, following November’s 0.15% month-on-month decline. Lastly, core inflation fell to 0.5% in December from 0.7% in November.
The government expects inflation to average 1.1% in 2019. FocusEconomics Consensus Forecast panelists expect inflation to average 1.4% in 2019, which is unchanged from last month’s forecast. For 2020, the panel sees inflation averaging 1.3%.
Taiwan - Inflation Data
|Inflation Rate (CPI, annual variation in %)||0.8||1.2||-0.3||1.4||0.6|
5 years of economic forecasts for more than 30 economic indicators.
Taiwan Inflation Chart
Source: Directorate-General of Budget, Accounting & Statistics and FocusEconomics calculations.
|Bond Yield||0.88||1.28 %||Jan 16|
|Exchange Rate||30.81||0.07 %||Jan 16|
|Stock Market||9,764||0.37 %||Jan 16|
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January 8, 2019
Consumer prices fell 0.50% in December from the previous month, up from the 0.61% decline logged in November.
January 7, 2019
Merchandise exports fell 3.0% in annual terms in December, a slight improvement over November’s 3.4% year-on-year contraction.
January 2, 2019
Operating conditions in the Taiwanese manufacturing sector deteriorated for the third consecutive month in December, indicating significantly weaker momentum in the fourth quarter.
December 24, 2018
Industrial output expanded 2.1% year-on-year in November, down markedly from the 8.3% growth registered in October.
Taiwan: Central Bank leaves rate unchanged in December amid slowing growth momentum and trade worries
December 20, 2018
Taiwan’s Central Bank of the Republic of China (CBRC) stood pat for the 10th consecutive quarter at its 20 December monetary policy meeting.