Economy

Inflation in Taiwan Hits 17-Month High in June

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By TaiwanPlus

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Taiwan's cost of living continues to rise, with inflation reaching a 17-month high in June. The consumer price index increased 2.6% year-on-year, remaining above the central bank's 2% warning threshold for a second consecutive month. The rise was mainly driven by higher fuel prices linked to the Iran conflict and increased food costs after heavy rainfall caused agricultural losses.

Taiwan’s Cost of Living

 

REPORTER:  

Taiwan’s cost of living has been edging up, with inflation hitting a 17-month high in June.

 

The country's consumer price index rose 2.6 percent from a year ago, marking the second straight month the figure has stayed above the central bank's 2-percent alert level. Officials say the increase was driven by higher fuel prices from the war in Iran and by increased food prices, which have been affected by heavy rainfall.

 

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Taiwan’s Living Costs

 

REPORTER:  

Taiwan is seeing a rising cost of living, with inflation hitting a 17-month high in June.

 

The country's consumer price index (CPI) rose 2.6% from a year ago, marking the second straight month that CPI has stayed above the central bank's 2% alert level.

 

Officials say the increase was driven by higher fuel and food prices, caused by global oil prices and heavy rainfall.