Financial News: Taiwan Inflation Rises To 4-Month High

Taiwan Inflation Rises To 4-Month High

07/05/2024 - 08:41:00 (RTTNews)

(RTTNews) - Taiwan consumer price inflation accelerated in June to the highest level in four months amid a rise in food costs, data released by the Directorate General of Budget, Accounting, and Statistics showed on Friday..

The consumer price index, or CPI, rose 2.42 percent year-on-year in June, slightly faster than the 2.23 percent rise in May.

Food inflation increased to 4.16 percent from 3.43 percent. Health costs also increased at a faster pace of 3.78 percent versus a 3.45 percent rise seen in May.

On a monthly basis, consumer prices rose a seasonally adjusted 0.26 percent in June after a 0.14 percent increase in the prior month.

Data also showed that producer price inflation accelerated to 3.54 percent from 2.75 percent in May.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

CB Employment Trends Index Signals Slowdown In Payroll Additions (01 hr(s), 53 min(s), 15 sec(s) ago)
(RTTNews) - A leading indicator for payroll employment in the U.S. decreased in June, extending th ...Full Story»

Denmark Industrial Production Plunges 6.0% (05 hr(s), 0 min(s),15 sec(s) ago)
(RTTNews) - Denmark's industrial production declined sharply in May after rebounding in the pr ...Full Story»

Japan Labor Cash Earnings Rise Most In 11 Months (05 hr(s), 33 min(s), 15 sec(s) ago)
(RTTNews) - Japan's total labor cash earnings continued to increase in May, and at the quickes ...Full Story»

Czech Industrial Outout Decline Worsens, Trade Surplus Grows (06 hr(s), 42 min(s), 15 sec(s) ago)
(RTTNews) - The Czech Republic's industrial production decreased for the third straight month ...Full Story»

Eurozone Sentix Investor Confidence Weakens Sharply (07 hr(s), 21 min(s), 15 sec(s) ago)
(RTTNews) - Euro area investor sentiment lost its recovery trend and fell sharply in July as both ...Full Story»

Lithuanian Inflation Rises To 0.7% (09 hr(s), 01 min(s), 15 sec(s) ago)
(RTTNews) - Lithuania's consumer price inflation rose for the third straight month in June to ...Full Story»

Romanian GDP Growth Eases To 0.5%, Less Than Estimated (09 hr(s), 37 min(s), 15 sec(s) ago)
(RTTNews) - Romania's economic growth moderated less than initially estimated in the first qua ...Full Story»

German Exports Fall For First Time In 3 Months (10 hr(s), 0 min(s),15 sec(s) ago)
(RTTNews) - Germany's exports declined for the first time in three months in May as demand fro ...Full Story»