Taiwan Inflation
Inflation increases in July but stays mild
Inflation edged up to 1.9% in July, slightly above June’s 1.8%. Prices for transport rose at a faster rate, more than offsetting lower inflation for food and housing.
Annual average inflation edged down to 2.4% in July (June: 2.5%). Lastly, consumer prices increased 0.10% in July over the previous month, slowing down from June’s 0.11% rise.
With inflation expected to remain moderate ahead, this should encourage the Central Bank to keep interest rates unchanged for the remainder of the year and far below the rates that prevail in most advanced economies.
Taiwan Inflation Chart
This chart displays Inflation Rate (CPI, annual variation in %) for Taiwan from 2013 to 2022.
Taiwan Inflation Data
| 2018 | 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|---|
| Inflation (CPI, ann. var. %, aop) | 1.4 | 0.6 | -0.2 | 2.0 | 2.9 |
| Inflation (CPI, ann. var. %, eop) | -0.1 | 1.2 | 0.0 | 2.6 | 2.7 |
| Inflation (Core, ann. var. %, aop) | 1.2 | 0.5 | 0.4 | 1.3 | 2.6 |