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.
Author: Ricardo Aceves, Senior Economist