Taiwan: Inflation inches up November to highest level since December 2014
December 8, 2015
Consumer prices in November dropped 0.69% over the previous month, which contrasted October’s 0.09% increase. According to the Directorate-General of Budget, Accounting & Statistics (DGBAS), the reading mainly reflected large drops in the price for vegetables, fuels and garments.
Inflation inched up from October’s 0.3% reading to 0.5% in November, which marked the highest figure since December 2014. Despite the rise, the variation in annual average consumer prices ticked down from October’s 0.2% drop to a 0.3% decline in November.
Core consumer prices, which strip out prices for electricity and fresh food, dropped 0.13% in November over the previous month, a notable turnaround from October’s 0.52% increase. Core inflation, on the other hand, increased from October’s 0.7% reading to 0.9% in November.