Inflation in Taiwan
Taiwan - Inflation
Inflation accelerates in December
Consumer prices increased 0.04% in December compared with the previous month, contrasting the 0.41% decrease in November. The reading reflected higher prices for food, fuel and transportation, partially offset by the falling price of clothing brought about by seasonal sales.
Core consumer prices, which exclude prices for energy, fruits and vegetables, remained unchanged in December from the previous month, contrasting the 0.25% decrease in November.
Inflation, meanwhile, picked up to 1.1% from November’s 0.6%. Annual average inflation inched up to 0.6% from 0.5%.
FocusEconomics Consensus Forecast panelists expect inflation to average 0.9% in 2020, which is down 0.1 percentage points from last month’s forecast. In 2021, the panel sees inflation averaging 1.2%.
Taiwan - Inflation Data
|Inflation Rate (CPI, annual variation in %)||1.2||-0.3||1.4||0.6||1.4|
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||0.69||1.28 %||Dec 31|
|Exchange Rate||29.91||0.07 %||Jan 01|
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February 12, 2020
The economy expanded 3.3% in the fourth quarter compared to the same quarter a year earlier, according to a second GDP release.
February 7, 2020
Merchandise exports slumped 7.6% in annual terms in January, contrasting December’s 4.0% expansion.
February 3, 2020
The manufacturing Purchasing Managers’ Index (PMI), reported by IHS Markit, climbed to 51.8 in January from 50.8 in December, thus moving further above the 50-threshold and signaling the fastest pace of improvement in operating conditions since August 2018. The improvement came amid stronger growth of both output and new work received by manufacturers, while export sales returned to expansionary territory for the first time in 17 months.
January 22, 2020
Industrial output increased 6.0% in December compared to the same month a year earlier, quickening from the 1.8% increase recorded in November. The acceleration in December was chiefly driven by strong output growth in the manufacturing sector, which represents more than 90% of total industrial production, while a return to expansion in electricity and gas supply supported the overall figure.
January 21, 2020
The economy grew 3.4% in the final quarter of 2019 compared to the same period a year earlier, according to an advance GDP estimate, up from the third quarter’s 3.0% increase.