Taiwan inflation slips 0.4ppt to 1.2%

It may average to 1.8% in 2013.

According to BBVA, Taiwan’s inflation moderated in January to 1.2% y/y (consensus: 1.4%) from 1.6% y/y in December.

"We expect headline inflation to be stable around 1.8% on average in 2013, though should global commodity prices increase, risks to the upside may emerge," BBVA said.