Taiwan Inflation

Taiwan

Taiwan: Drop in annual consumer prices eases in June

July 7, 2015

Consumer prices in June rose 0.69% over the previous month, which followed May’s 0.23% increase. According to the Directorate-General of Budget, Accounting & Statistics (DGBAS), the reading mainly reflected increases in the price of electricity due to high summer electricity rates.

Annual consumer prices dropped 0.6% in June, which was a more moderate decline compared to May’s 0.7% decrease. The figure was slightly higher than market analysts’ expectations of a 0.7% decline. Annual average inflation fell from May’s 0.4% to 0.3% in June.

Core consumer prices, which strip out prices for electricity and fresh food, rose 0.11% in June over the previous month, contrasting April’s 0.53% rise. Core inflation remained stable at May’s 0.6% in June.

The government expects inflation to average 0.13% in 2015. FocusEconomics Consensus Forecast panelists expect inflation to average 0.1% in 2015, which is down 0.1 percentage points from last month’s forecast. For 2016, the panel sees inflation increasing to 1.5%.


Author: Angela Bouzanis, Senior Economist

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Taiwan Inflation Chart


Taiwan Inflation June 2015

Note: Month-on-month and year-on-year changes of consumer price index (CPI) in %.
Source: Directorate-General of Budget, Accounting & Statistics (DGBAS).


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