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Japan:
Second India-Japan strategic dialogue on economic issues
China:
India-Brazil-South Africa to cooperate in health sector
South Korea:
South Korea Gives US Beef The All Clear
India:
Indian government approves re-structured APDRP
Pakistan:
Restoration of Indo-Pak dialogue to push trade
Singapore:
India-Brazil-South Africa to cooperate in health sector
Thailand:
Fastest Growth for Thailand Economy in Six Quarters
Taiwan:
Taiwan Enjoy Expanded Trade Surplus
Indonesia:
Central Bank Chief Of Indonesia Detained
Malaysia:
Malaysia economy grows and banking liberalises
Taiwan Inflation Falls Over July On Last Year
by Stewart DouglasThe rate of inflation in Taiwan has fallen over the month of July as compared to the year on July last year, according to economic figures released today.
The figures, released by the National Statistics Office today through Consumer Price Index figures, showed a drop in inflation by an estimated 0.24%, in contrast to last month’s 0.11% increase in price inflation nationwide.
The figures come from the findings of the Consumer Price Index, an economic indicator which considers the price of consumer products to allow for comparisons over time, and the calculation of inflation.
Despite the overall fall in prices, services became more expensive over the year by three quarters of one percent, whilst housing and communications also increased beyond last years prices to narrow the margin of decrease in price inflation.
However, the general trend of the decrease was established largely by falling food prices, with fruit and vegetables at retail losing an astonishing 4.8% on last years prices, reflecting increased availability of fresh produce.
Additionally, other foodstuffs showed a fall in prices from last years figures, helping to outweigh the price increases in certain sectors.
Clothing was also one of the major declines, losing approximately 3.7% of its value over the period of calculation.
Over the first half of this year, the general trend towards inflation in the Taiwan economy has been positive, although by no means out of control.
As economic conditions in the region begin to improve, the news of successful inflation control has been well received at this level.
Whilst healthcare and education expenses continued to rise over the course of this month, surveys suggest that the Taiwan economy is providing some of the best living conditions in the Asia-Pacific region, along with Hong Kong and Singapore.
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