Taiwan Inflation June 2022

Taiwan

Taiwan: Inflation comes in at highest level since August 2008 in June

July 6, 2022

Consumer prices increased 0.38% in June over the previous month, accelerating from May's 0.25% increase. Looking at the details of the release, prices for food grew at a more moderate rate in June. However, prices for housing increased at a faster pace. Meanwhile, transportation prices contracted at a similar pace to the prior month.

Inflation came in at 3.6% in June, which was up from May’s 3.4%. June's figure was the highest inflation rate since August 2008. Meanwhile, the trend pointed up mildly, with annual average inflation coming in at 2.8% in June (May: 2.7%).

Our panelists project inflation to average 2.9% in 2022, which is up 0.2 percentage points from last month’s forecast, and 1.7% in 2023.


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Taiwan Inflation June 2022

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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