Taiwan Inflation August 2017

Taiwan

Taiwan: Inflation reverses July's deceleration in August

September 5, 2017

Consumer prices rose 0.15% over the previous month in August, slightly above the flat reading recorded in July. The small increase was the result of higher prices for fresh food and transport, which more than offset a decline in prices for education and entertainment.

Inflation came in at 1.0% in August, which was above July’s 0.8%. The pick-up in inflation in August, which marked the highest reading since January, reflects higher prices for food, housing and healthcare. As a result, annual average inflation was slightly above July’s 0.9%, coming in at 1.0%.

Core consumer prices, which exclude prices for energy and fresh food, decreased 0.13% from the previous month in August, which contrasted July’s 0.12% increase. Despite the monthly drop, core inflation inched up from 0.9% in July to 1.0% in August.

The government expects inflation to average 0.7% in 2017 and 0.9% in 2018. 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 August 2017

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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