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.