Taiwan Inflation June 2018


Taiwan: Inflation softens in June

July 5, 2018

Consumer prices increased 0.43% in June from the previous month, contrasting the 0.25% decrease recorded in May. The increase was mainly driven by higher prices for water, electricity and gas supply, and services for nursery and nursing care. Weighing on price in June, however, were cheaper fruits and garments.

Inflation fell to 1.3% in June from 1.6% in May. Annual average inflation, meanwhile, remained at May’s 1.1% in June.

Core consumer prices, which exclude prices for energy, fruits and vegetables, rose 0.21% in June compared to the previous month, contrasting the 0.31% rise recorded in May. Core inflation accelerated to 1.3% in June from 1.0% in May.

The government expects inflation to average 1.2% in 2018. FocusEconomics Consensus Forecast panelists expect inflation to average 1.4% in 2018, which is unchanged from last month’s forecast. For 2019, the panel sees inflation averaging 1.3%.

Author:, Economist

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Taiwan Inflation Chart

Taiwan Inflation June 2018

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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