Producer Prices in Taiwan
Taiwan - Producer Prices
Consumer prices drop for first time in over a year
Consumer prices decreased 1.08% in February compared with the previous month, contrasting January’s revised 0.61% increase (previously reported: +0.59%). The reading was driven by lower prices for nursery and nursing care, fruit, entertainment, and transportation—likely reflecting slumping demand following Chinese New Year holidays in the prior month.
Core consumer prices, which exclude prices for energy, fruits and vegetables, decreased 0.8% month-on-month in February contrasting the 0.7% increase recorded in January.
In year-on-year terms, meanwhile, consumer prices fell 0.2% in February, swinging from the 1.9% increase observed in January and marking the first drop in prices since December 2018. Lastly, annual average inflation remained at 0.7% in February, unchanged from the previous month.
FocusEconomics Consensus Forecast panelists expect inflation to average 0.9% in 2020, which is unchanged from last month’s forecast. In 2021, the panel sees inflation averaging 1.1%.
Taiwan - Producer Prices Data
|Inflation (WPI, annual variation in %)||-0.6||-8.9||-3.0||0.9||3.6|
5 years of economic forecasts for more than 30 economic indicators.
|Bond Yield||0.69||1.28 %||Dec 31|
|Exchange Rate||29.91||0.07 %||Jan 01|
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March 23, 2020
Industrial output flew 20.3% higher in February compared to the same month a year earlier, contrasting the revised 2.1% decrease recorded in January (previously reported: -1.5% year-on-year). The stellar reading in February was helped in no small part by a sizeable base effect, likely influenced by differences in dates of the Chinese Lunar Holiday between this year and the last, as well as being aided by the leap year effect this year.
March 19, 2020
At its monetary policy meeting on 19 March, the Board of Directors of Taiwan’s Central Bank unanimously decided to lower the discount rate by 0.25 percentage points to a record low of 1.125%.
March 9, 2020
Merchandise exports expanded 24.9% in annual terms in February, contrasting January’s 7.5% contraction.
March 6, 2020
Consumer prices decreased 1.08% in February compared with the previous month, contrasting January’s revised 0.61% increase (previously reported: +0.59%).
March 2, 2020
The manufacturing Purchasing Managers’ Index (PMI), reported by IHS Markit, fell to 49.9 in February from 51.8 in January.