Taiwan Inflation July 2017

Taiwan

Taiwan: Inflation moderates in July

August 8, 2017

Consumer prices inched up 0.01% in July compared to 0.8% in June. The essentially flat print was a result of higher prices for vegetables and entertainment juxtaposed by lower prices of fruits and eggs.

Inflation came in at 0.8% in July, below June’s 1.0% print which had marked the highest reading since January. July’s deceleration was largely the result of milder increases in the prices of vegetables, fish and seafood together with sharper declines in the prices of fruit and eggs. In addition, annual average inflation was slightly below June’s 1.0%, coming in at 0.9%.

Core consumer prices, which exclude prices for energy and fresh food, ticked up 0.12% and contrasted June’s 0.13% decline. Meanwhile, core inflation inched down from 1.0% in June to 0.9%.

The government expects inflation to average 1.0% in 2017. FocusEconomics Consensus Forecast panelists also expect inflation of 1.0% in 2017, which is down 0.2 percentage points from last month’s forecast. For 2018, the panel sees inflation averaging 1.4%.


Author:, Economist

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Taiwan Inflation July 2017 0

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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