Inflation in Taiwan
Taiwan - Inflation
Inflation remains low and stable in February
Consumer prices jumped 0.99% in February from the previous month, contrasting the 0.09% decline registered in January. The print was largely led by seasonal effects of the Lunar New Year holiday. Notably, the price of nursing care and nursery services increased by nearly a third in the month, as is customary, while the prices of vegetables and entertainment also increased sharply due to holiday demand.
Inflation was meanwhile stable at January’s 0.2% in February, and annual average inflation ticked down to 1.1%, from 1.3% in January.
Core consumer prices, which exclude prices for energy, fruits and vegetables increased 0.89% month-on-month in February, contrasting January’s 0.08% fall. Lastly, core inflation fell from 0.5% in January to 0.3% in February.
Taiwan Inflation Forecast
The government expects inflation to average 0.7% in 2019. FocusEconomics panelists expect inflation to average 1.1% in 2019, which is down 0.1 percentage points from last month’s forecast, and 1.2% in 2020.
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||0.83||1.28 %||Mar 11|
|Exchange Rate||30.91||0.07 %||Mar 11|
|Stock Market||10,250||0.37 %||Mar 11|
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Taiwan: Exports post sharpest contraction in nearly three years in February while orders continue to spell gloom ahead
March 8, 2019
Merchandise exports fell 8.8% in annual terms in February, logging the fourth consecutive month of decline after January’s 0.3% dip.
March 8, 2019
Consumer prices jumped 0.99% in February from the previous month, contrasting the 0.09% decline registered in January.
March 4, 2019
Operating conditions in the Taiwanese manufacturing sector deteriorated further in February, confirming feeble economic momentum so far in the first quarter amid nosediving external demand.
February 26, 2019
Industrial output fell 1.9% year-on-year in January, worsening from the revised 1.1% contraction logged in December (previously reported: -1.2% year-on-year).
February 15, 2019
Merchandise exports fell 0.3% in annual terms in January, improving over December’s 3.0% year-on-year contraction and overshooting analysts’ estimates of a 2.9% fall.