Taiwan: Inflation jumps in July
August 6, 2012
In July, consumer prices added 0.38% over the previous month, which was below the 0.64% rise recorded in June. The monthly increase mainly reflected a sharp rise in prices for food, which more than offset lower prices for clothing and housing. Despite the milder monthly rise, annual headline inflation jumped from 1.8% in June to 2.5%, exceeding market expectations of 2.0%. The core inflation index, which excludes volatile categories such as fresh food and energy, added 0.10% over the previous month. As a result, annual core inflation rose from 0.8% in June to 1.0%. Finally, annual average inflation inched up from 1.4% in June to 1.5% in July.