Taiwan Inflation July 2018

Taiwan

Taiwan: Inflation gathers pace in July

August 7, 2018

Consumer prices increased 0.43% in July from the previous month, slightly up from the 0.43% increase recorded in June. The increase was mainly driven by higher prices for vegetables, transportation and entertainment. On the other hand, the price of fruits and garments fell.

Inflation accelerated from June´s 1.3% to 1.7% in July. Annual average inflation, meanwhile, inched up from 1.1% in June to 1.2% in July.

Core consumer prices, which exclude prices for energy, fruits and vegetables, rose 0.21% in July compared to the previous month, matching the increase recorded in June. Core inflation accelerated to 1.5% in July from 1.3% in June.

The government expects inflation to average 1.2% in 2018. FocusEconomics Consensus Forecast panelists expect inflation to average 1.5% in 2018, which is unchanged from last month’s forecast. For 2019, the panel sees inflation averaging 1.3%.


Author:, Economist

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Taiwan Inflation July 2018

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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