Taiwan: Consumer prices fall at softer pace in July
Consumer prices increased 0.14% in July over the previous month, following June’s 0.79% rise. Prices for fuels and lubricants and transportation jumped, and prices for entertainment also increased, although these were partially offset by the decline in prices for vegetables and garments. Core consumer prices—which exclude prices for energy, fruits and vegetables—increased 0.10% in July, following June’s 0.11% rise.
Consumer prices declined 0.5% in July in year-on-year terms, softening from the 0.8% fall in June. Meanwhile, the trend pointed down slightly, with annual average inflation in July reading 0.1% (June: 0.2%).