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Financial News: Taiwan CPI Climbs For Fourth Month

Taiwan CPI Climbs For Fourth Month

07/05/2017 - 07:41:00 (RTTNews)

(RTTNews) - Taiwan's consumer prices increased for the fourth successive month in June, figures from the Directorate General of Budget, Accounting and Statistics showed Wednesday.

The consumer price index climbed 1.0 percent year-over-year in June, faster than the 0.59 percent rise in May. That was almost in line with the 0.90 percent gain economists had forecast.

Food prices grew 2.2 percent annually in June and housing costs went up by 0.96 percent. In contrast, transportation and communication costs dropped 0.48 percent.

On a monthly basis, consumer prices rose 0.76 percent in June.

The statistical office also revealed that wholesale prices declined 1.68 percent yearly in June, which was worse than the 1.26 percent drop in May. Nonetheless, it was slower than the 1.9 percent expected rate of fall.

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