Taiwan Inflation August 2021

Taiwan

Taiwan: Inflation rises in August

September 7, 2021

Consumer prices rose 0.59% from the previous month in August, accelerating from July's 0.21% increase. August's uptick was the highest reading since April. The reading was primarily due to rising prices for food on the back of heavy rain recently. In addition, price pressures for housing grew at a faster rate.

Inflation rose to 2.4% in August, above July’s 1.9% and also influenced by recent extreme weather pushing up food prices. Annual average inflation rose to 1.0% in August (July: 0.8%).

Our panelists project inflation to average 1.6% in 2021, which is unchanged from last month’s forecast, and 1.4% in 2022.


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Taiwan Inflation August 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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