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Taiwan's CPI climbs 1 pct in June

Xinhua | Thu,2017-07-06


TAIPEI, July 5 (Xinhua) -- Taiwan's Consumer Price Index (CPI) grew by 1 percent on a yearly basis in June, mainly on account of a rise in vegetables, seafood, meat, dairy products and service prices, the island's statistics agency said Wednesday.

Food prices increased by 2.2 percent year on year in June, largely due to the double-digit increase in vegetable prices and increasing aquatic products prices, which, however, was partially offset by price drop of eggs and fruit.

Compared with the previous month, CPI, a main gauge of inflation, rose by 0.76 percent in June.

The core CPI, which excludes vegetables, fruit and energy, saw a year-on-year rise of 0.97 percent, the agency said, while the Wholesale Price Index (WPI), fell 1.68 percent from a year earlier.

For the first six months of the year, the CPI was up 0.67 percent year on year and the WPI increased by 0.83 percent.