0849 GMT - Taiwan's consumer prices likely rose 1.8% on year in November, according to a poll of five analysts by the Wall Street Journal. Inflation has been stable on the island over the past months, hovering around the 1.8% mark since September and staying below the central bank's 2% threshold. Food prices likely stayed elevated due to the lingering impacts of recent typhoons, DBS analysts say in a commentary. Transportation costs likely remained subdued, driven by declining global oil prices, DBS adds. "With CPI inflation stable and property prices easing, we expect the central bank to keep monetary policy unchanged at the December meeting," DBS says. (tracy.qu@wsj.com)
(END) Dow Jones Newswires
December 04, 2024 03:50 ET (08:50 GMT)
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