Taiwan Inflation


Taiwan: Inflation falls in October

November 5, 2013

In October, consumer prices fell 0.27% over the previous month, contrasting the exceptional 1.30% increase tallied in September and marking the sharpest decline since March. According to the Directorate General of Budget, Accounting and Statistics (DGBAS), the monthly fall in consumer prices mainly reflected a stabilization in the vegetable supply following the sharp increase during September's Moon Festival.

Inflation declined from 0.8% in September to 0.6% in October, falling short of the 1.1% rate the market had expected. Annual average inflation inched down from 1.1% in September to 1.0% in October, and now sits at the lowest level since April 2011.

The core inflation index - which excludes volatile categories such as fresh food and energy - increased 0.38% over the previous month (September: +0.05% month-on-month). Annual core inflation eased to 0.2% in October (September: 0.6%).

FocusEconomics Consensus Forecast panelists expect inflation to average 1.2% in 2013, which is unchanged from last month's forecast. Next year, the panel sees inflation increasing to 1.7%, which is also unchanged from last month's estimate.


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Taiwan Inflation Chart

Taiwan Inflation October 2013

Note: Monthly and annual variation of consumer price index in %.
Source: Directorate-General of Budget, Accounting & Statistics (DGBAS) and FocusEconomics calculations.

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