FX.co ★ Taiwan Inflation Picks Up to 1.54% in July

In July, Taiwan's annual inflation rate edged up to 1.54% from June's 1.37%, breaking a three-month trend of decreasing inflation. This increase was largely attributed to accelerated price hikes in food, which saw a rise to 2.91% from 2.82%, and in education and entertainment, climbing to 1.45% from the previous 0.6%. Furthermore, the transportation and communication sector experienced a less steep decline in prices, moving to -0.89% from June's -1.36%. Conversely, the rate of price growth eased in areas such as miscellaneous goods and services, declining to 2.06% from 2.21%, housing, slightly declining to 1.75% from 1.76%, and health, which decreased to 1.66% from 1.89%. Notably, apparel prices fell more sharply, dropping to -1.19% from -0.87%. On a seasonally adjusted monthly basis, consumer prices increased by 0.24% in July, marking the fastest rise in six months and a noticeable acceleration from the marginal 0.01% increase observed in June.