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.
Author: Edward Gardner, Economist