Taiwan: Inflation picks up in July
August 8, 2016
In July, consumer prices were up 0.22% over the previous month, coming down from the 0.35% increase recorded in June. According to the Directorate-General of Budget, Accounting & Statistics (DGBAS), the increase mainly reflected higher prices for vegetables and entertainment, which were partly offset by lower prices for fruits and garments.
Inflation was at 1.2% in July, which was up from the 0.9% recorded in June. Moreover, annual average inflation inched up from 0.8% in June to 0.9% in July. The print observed in July marked the highest reading since March 2015.
Core consumer prices, which strip out prices for electricity and fresh food, rose 0.17% in July, coming in above the revised 0.01% increase tallied in June (previously reported: 0.00% month-on-month). Meanwhile, core inflation remained unchanged in July at the 0.8% print tallied in June.