Taiwan: Drop in annual consumer prices eases in August
September 8, 2015
Consumer prices in August rose 0.63% over the previous month, which contrasted July’s 0.11% drop. According to the Directorate-General of Budget, Accounting & Statistics (DGBAS), the reading mainly reflected a notable rise in the prices of vegetables and fruits, mainly due to the typhoon and heavy rainfall.
Annual consumer prices dropped 0.4% in August, which was a more moderate decline than July’s 0.6% fall and the 0.6% decrease expected by market analysts’. In addition, August’s result marked a six-month high. The variation in annual average consumer prices swung from a 0.1% rise in July to a 0.2% fall in August.
Core consumer prices, which strip out prices for electricity and fresh food, fell 0.16% in August over the previous month, which contrasted July’s 0.18% increase. Core inflation inched down from July’s 0.7% to 0.6% in August.