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CPI up 2.42% in June
Taiwan's consumer price index in June rose 2.42% from a year earlier, following a spike in food prices, according to data released yesterday by the Directorate General of Budget, Accounting and Statistics (DGBAS).
The June CPI surpassed a 2% alert set by the central bank for the second consecutive month after a 2.23% year-on-year increase in May.
Food prices rose 4.16% from a year earlier with fruit prices soaring 22.60% due to bad weather and a relatively low comparison basis over the same period of last year. Healthcare expenses rose 3.78% from a year earlier after people were required to pay more in registration fees at hospitals and shoulder more costs in outpatient services and emergency treatment.
Living costs rose 2.27% from a year earlier with electricity rates and rents rising 5.21% and 2.59%, respectively. Meanwhile, the producer price index rose 3.54% from a year earlier, largely due to an increase in the price of power equipment, chemical materials, computers, and electronics, according to the DGBAS.
