Taiwan Inflation June 2021

Taiwan

Taiwan: Inflation plunges to lowest level since March in June

July 7, 2021

Consumer prices increased 0.22% over the previous month in June, slowing down from the 0.26% increase recorded in May. June's result marked the weakest reading since March. Looking at the details of the release, prices for food and housing rose in June.

Inflation came in at 1.9% in June, down from May’s 2.5%. June's figure represented the lowest inflation rate since March, and was driven by the government’s suspension of summer electricity rates as part of its Covid-19 relief measures. Meanwhile, the trend pointed up mildly, with annual average inflation coming in at 0.6% in June (May: 0.4%).

FocusEconomics Consensus Forecast panelists see inflation averaging 1.5% in 2021, which is up 0.1 percentage points from last month’s forecast. For 2022, the panel projects inflation to average 1.3%.


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Taiwan Inflation June 2021

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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