Taiwan June CPI rises 3.59% y/y, worse than forecast

2022.07.06 11:40

FILE PHOTO: A woman sits beside her stall at the Shilin night market in Taipei July 15, 2008. REUTERS/Nicky Loh

TAIPEI (Reuters) – Taiwan’s June consumer price index (CPI) rose 3.59% from a year earlier, the statistics agency said on Wednesday, above market expectations for a 3.5% increase and rising above the central bank’s 2% target for the 11th month in a row.

The pace quickened from the 3.39% year-on-year reading for May, the Directorate General of Budget, Accounting and Statistics said in a statement.

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