Taiwan Inflation June 2016

Taiwan

Taiwan: Inflation eases in June

July 5, 2016

In June, consumer prices were up 0.34% over the previous month, marking a rebound from the 0.38% fall recorded in May. According to the Directorate-General of Budget, Accounting & Statistics (DGBAS), the reading reflected higher prices for electricity fees and for fuel and lubricants.

Inflation was at 0.9% in June, which was below the 1.2% recorded in May and marked the lowest reading since January 2016. Error! Not a valid link.

Core consumer prices, which strip out prices for electricity and fresh food tallied a flat reading in June (May: -0.06% month-on-month). Meanwhile, core inflation inched down from the 0.9% register tallied in May to 0.8% in June.

The government foresees inflation of 0.7% in 2016. FocusEconomics Consensus Forecast panelists expect consumer prices to fall 1.0% in 2016, which is unchanged from last month’s forecast. For 2017, the panel sees inflation rising to 1.2%.


Author: Jean-Philippe Pourcelot, Economist

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Taiwan Inflation Chart


Taiwan Inflation June 2016

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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