Taiwan Inflation Rises Sharply In June

Taiwan's inflation rate rose sharply in June on the back of higher food and fuel prices, the government said Tuesday. The consumer price index (CPI) in June was up 2.39% year-on-year and 0.05% month-on-month after an increase of 2.32% and 0.21% in May, the Directorate General of Budget, Accounting and Statistics said.

The June core price index, which excludes prices of fresh vegetables/fruit, fishery products and energy, was up 0.47 % from a year earlier but down 0.07% from May. These figures compare with May's year-on-year rise of 0.56% and a 0.05% month-on-month decline.

The June wholesale price index fell 1.04% year-on-year but was up a seasonally adjusted 0.02% month-on-month.

For the six months to June, overall CPI rose 1.84% from a year earlier.

Copyright Agence France-Presse, 2005

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