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 %)||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||0.69||1.28 %||Dec 31|
|Exchange Rate||29.91||0.07 %||Jan 01|
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January 7, 2020
Consumer prices increased 0.04% in December compared with the previous month, contrasting the 0.41% decrease in November.
January 7, 2020
Merchandise exports increased 4.0% in December in annual terms, following November’s 3.3% expansion.
January 2, 2020
The manufacturing Purchasing Managers’ Index (PMI), reported by IHS Markit, rose to 50.8 in December from 49.8 in November, thus moving above the 50-threshold and signaling the first improvement in operating conditions in over a year. The improvement came amid an uptick in the amount of new work received by manufacturers, ending a 15-month run of contraction.
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December 11, 2019
On 11 January 2020, the Taiwanese electorate will head to the polls to elect a new president and legislative assembly, with cross-strait relations and events in Hong Kong at the forefront of voters’ minds.
December 9, 2019
Merchandise exports increased 3.3% in November in annual terms, contrasting October’s 1.5% contraction.