Economy

Taiwan's Inflation Eases in August but Stays Above Central Bank Target

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By TaiwanPlus

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Taiwan's consumer price index rose 2.04% in August from a year earlier, easing from just over 2.5% in July but marking the fourth consecutive month above the Central Bank's 2% threshold. Higher costs for groceries, airfare, dining out, energy and electronic parts continue to pressure households and businesses. The statistics bureau expects inflation to stay above 2% in September, though it says overall price pressures will remain mild.

Taiwan Inflation Eases

REPORTER:  
Inflation woes are easing in Taiwan, but the rate still lingered above the Central Bank's 2 percent threshold for the fourth consecutive month.

The consumer price index rose 2.04 percent in August from a year earlier, but slowed from just over 2.5 percent in July. People in Taiwan are paying more for groceries, airfare and dining out, while higher energy costs and pricier electronic parts are putting pressure on businesses. The government's statistics bureau expects inflation to stay above 2 percent in September, but says overall, price pressures will remain mild.

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August Inflation Eases

REPORTER:  
Inflation in Taiwan remained above 2 percent, a significant threshold set by the Central Bank, for the fourth consecutive month in August.

The consumer price index rose 2.04 percent in August from a year earlier, slowing from 2.54 percent in July, as people are paying more for airfare and dining out. Businesses are seeing stronger price pressures, due to higher energy costs and more expensive electronic components driven by the AI boom. The government's statistics bureau expects inflation to remain above 2 percent in September, but says overall price pressures remain mild, with no signs of imported inflation.