Taiwan Inflation

Taiwan

Taiwan: Inflation stabilizes in June

July 8, 2014

In June, consumer prices added 0.52% over the previous month, which came in above the 0.15% increase observed in May. The monthly increase mostly reflected seasonal factors such as an increase in electricity fees due to the summer season. Prices for fresh food, particularly prices for vegetables, also increased.

Annual headline inflation stabilized at May’s 1.6% in June, which was in line with market expectations. Annual average inflation inched up from 0.7% in May to 0.8% in June.

Core consumer prices, which strip out prices for electricity and fresh food, rose 0.15% over the previous month in June thus contrasting the virtually unchanged reading that was tallied in May. Annual core inflation remained unchanged at May’s 1.5% in June.

The government expects inflation to average 1.07% in 2014. FocusEconomics Consensus Forecast panelists expect inflation to average 1.3% in 2014, which is unchanged from last month’s forecast. For 2015, the panel sees inflation increasing to 1.7%.


Author:, Senior Economist

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Taiwan Inflation Chart


Taiwan Inflation June 2014

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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