June CPI rises 1.89%

By ECCT staff writers

Taiwan’s official Consumer Price Index (CPI) rose by 1.89% year-on-year in June. According to a news release by the Directorate General of Budget Accounting and Statistics (DGBAS), the increase was mainly because the index for fuels and lubricants rose 27.78% due to a relatively lower comparison base, and the index for transportation fees also rose 15% due to the increase in airfares. Moreover, indices for eggs, vegetables, fruits, as well as meats rose 11.49%, 8.78%, 6.58%, and 3.65%, respectively. However, the index for water, electricity and gas fell 10.88% as summer electricity rates were suspended for households due to the government’s Covid-19 relief measures, offsetting part of the increase. The core CPI increased 1.36%.