Taiwan forecasts further inflation slowdown in ’25

Taiwan’s central bank forecasts a further decline in the country’s consumer price index (CPI) and core CPI in 2025, with annual growth rates projected to slow to 1.89 per cent and 1.79 per cent, respectively.

The central bank expects inflation rates to continue decreasing in the second half of 2024. For the whole year, the bank predicts CPI and core CPI annual growth rates to be 2.16 per cent and 1.94 per cent, respectively, lower than last year’s figures.

Taiwan’s CPI, excluding volatile food and energy items, has consistently slowed, with the average annual growth rate for the first eight months of the year at 2.32 per cent, while the core CPI rate stood at 1.97 per cent.

Attribution: Taiwan’s central bank report

Subediting: M. S. Salama