Taiwan: Inflation falls sharply in August
September 6, 2016
In August, consumer prices dropped 0.03% over the previous month, which contrasted the 0.23% increase recorded in July. The decrease mainly reflected lower prices for clothing and footwear as well as for fuel and petroleum products, according to the Directorate-General of Budget, Accounting & Statistics (DGBAS).
Inflation came in at 0.6% in August, which was below the 1.2% recorded in July and marked the lowest reading since December. Meanwhile, annual average inflation inched up from 0.9% in July to 1.0% in August.
Core consumer prices, which strip out prices for electricity and fresh food, fell 0.17% in August, which offset the 0.17% increase in July. Core inflation remained unchanged at July’s 0.8% in August.
Author: Ricardo Aceves, Senior Economist