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Financial News: Taiwan Consumer Prices Fall At Slower Pace In

Taiwan Consumer Prices Fall At Slower Pace In June

07/07/2020 - 08:18:00 (RTTNews)

(RTTNews) - Taiwan's consumer prices fell further in June, but at a slower pace, mainly due to the fall in prices of fuels and lubricants, data from the Directorate-General of Budget, Accounting and Statistics showed on Tuesday.

The consumer price index fell 0.76 percent year-on-year in June, following a 1.19 percent decrease in May. Economists had expected a 0.87 percent decline.

Prices of fuels and lubricants fell 21.75 percent as the international oil prices plummeted.

On a month-on-month basis, consumer prices rose 0.79 percent in June.

Excluding fruits, vegetables and energy, core consumer prices increased 0.13 percent annually in June and rose 0.12 percent from the previous month.

Data showed that the wholesale prices declined 10.36 percent annually in June, following a 12.15 percent fall in the preceding month.

On a monthly basis, wholesale prices rose 1.22 percent in June.

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