Taiwan: Inflation eases in August
Consumer prices fell 0.07% in August from the previous month, swinging from the 0.34% increase recorded in July. The decrease was mainly driven by lower prices for garments, tobacco and betel nuts, and transportation. Higher prices for fruit and eggs, however, partially offset the drop.
Inflation edged down to 1.5% in August from 1.7% in July. Meanwhile, annual average inflation, was steady at July’s 1.2% print in August.
Core consumer prices, which exclude prices for energy, fruits and vegetables, fell 0.27% in August compared to the previous month, contrasting the 0.21% increase recorded in July. Core inflation inched down to 1.4% in August from 1.5% in July.