CPI falls 0.76% in June

By ECCT staff writers

Taiwan’s Consumer Price Index (CPI) fell 0.76% in June 2020, compared with the same month in 2019. According to an official press release by the Directorate General of Budget Accounting and Statistics (DGBAS), the drop was mainly because the price of fuels and lubricants, which fell 21.75%, as international oil prices plummeted over the same month last year. In addition, the prices of fruits, as well as communication fees also fell 8.2% and 4.05%, respectively. Moreover, the price of entertainment expenses fell 3.05% as hotel charges and domestic package holidays fares dropped. On the other hand, prices of personal effects, garments, as well as meats rose 4.07%, 1.78%, and 1.31%, respectively, offsetting part of the decrease.