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