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.
Author: Joffrey Simonet, Economist