Taiwan Inflation July 2019


Taiwan: Inflation falls in July

August 6, 2019

Consumer prices fell 0.10% in July from the previous month, which contrasted June’s 0.33% increase. The print was largely driven by lower prices for food.

Inflation dropped to 0.4% in July, from 0.9% in June and marking a five-month low. Annual average inflation also declined to 0.7% (June: 0.8%).

Core consumer prices, which exclude prices for energy, fruits and vegetables increased 0.09% over the previous month, a slightly larger rise than June’s 0.06% increase. Core inflation edged down from 0.5% in June to 0.4% in July.

The government expects inflation to average 0.7% in 2019. FocusEconomics panelists expect inflation to average 0.8% in 2019, which is unchanged from last month’s forecast, and 1.1% in 2020.

Author: Angela Bouzanis, Lead Economist

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Taiwan Inflation Chart

Taiwan Inflation July 2019

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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