Taiwan Inflation


Taiwan: Drop in annual consumer prices grows in July

August 7, 2015

Consumer prices in July fell 0.13% over the previous month, which contrasted June’s 0.68% increase. According to the Directorate-General of Budget, Accounting & Statistics (DGBAS), the reading mainly reflected decreases in the prices of vegetables and fruits as well as prices of clothing.

Annual consumer prices dropped 0.7% in July, which was a greater decline compared to June’s 0.6% decrease. The figure matched market analysts’ expectations. Annual average inflation fell from June’s 0.3% to 0.1% in July.

Core consumer prices, which strip out prices for electricity and fresh food, rose 0.15% in July over the previous month, which followed June’s 0.12% increase. Core inflation inched up from June’s 0.6% to 0.7% in July.

The government expects inflation to average 0.13% in 2015. FocusEconomics Consensus Forecast panelists expect zero inflation in 2015, which is down 0.1 percentage points from last month’s forecast. For 2016, the panel sees inflation rising to 1.4%.

Author: Angela Bouzanis, Senior Economist

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Taiwan Inflation Chart

Taiwan Inflation July 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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