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Taiwan Inflation July 2023

Taiwan: Inflation increases in July but stays mild

Inflation edged up to 1.9% in July, slightly above June’s 1.8%. Prices for transport rose at a faster rate, more than offsetting lower inflation for food and housing.

Annual average inflation edged down to 2.4% in July (June: 2.5%). Lastly, consumer prices increased 0.10% in July over the previous month, slowing down from June’s 0.11% rise.

With inflation expected to remain moderate ahead, this should encourage the Central Bank to keep interest rates unchanged for the remainder of the year and far below the rates that prevail in most advanced economies.

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