Taiwan: Inflation broadly steady
July 5, 2012
In June, consumer prices added 0.64% over the previous month, which was above the 0.49% rise recorded in May. The monthly increase mainly reflected a sharp rise in prices for food and housing. As a result of the monthly rise, annual headline inflation inched up from 1.7% in May to 1.8% in June, matching market expectations. The core inflation index, which excludes volatile categories such as fresh food and energy, added 0.12% over the previous month. Annual core inflation inched down from 0.9% in May to 0.8%. Finally, annual average headline inflation remained unchanged for a fourth consecutive month at 1.4%. The government expects inflation to average 1.9% this year.