Taiwan's Inflation Rate

 Inflation is a rise in the general level of prices of goods and services in an economy over a certain period of time. When the general price level rises, each unit of currency buys fewer and fewer goods and services. In 2009, Taiwan's inflation reached -0.9% from the previous rate of 3.5% in the year 2008. Since the inflation rate has decresed from 3.5 percent to -0.9 percent, Taiwan is more capable in buying more goods and services without decreasing the value of their currency. When Taiwan's inflation is being compared with the country's that are geographically in the same area Taiwan seems to have a much lower inflation rate, other than Japan who's inflation rate has now reached -1.4%. China's inflation rate has become really close to Taiwan with an inflation rate of -0.7% since they produce so many goods and services, but then there are other country's such as the Phillipines who now have an inflation rate of 3.3%. If Taiwan is being compared to the world, their inflation rate is ranked eigth out of two hundred and twentyfour other countries. Seychelles is ranked number 224 with the largest inflation rate of 31.80%. So far inflation has not been a major concern for Taiwan because their prices seem to have been stable over the past few years, and their currency has not dropped in value.