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.