2018.07.0508:10:00UTC+00Taiwan Inflation Eases More Than Expected In June

Taiwan's consumer price inflation eased at a faster-than-expected pace in June, figures from the Directorate General of Budget, Accounting and Statistics showed Thursday.

Consumer prices climbed 1.31 percent year-over-year in June, slower than the 1.64 percent rise in May. Economists had expected the inflation to moderate to 1.54 percent.

Costs for transportation and communication grew 2.77 percent annually in June and housing costs went up by 0.92 percent. Meanwhile, food prices dropped 0.12 percent.

On a monthly basis, consumer prices increased 0.43 percent in June.

Data also showed that wholesale prices rose 6.65 percent yearly and by 0.81 percent monthly in June.