TAIPEI (Taiwan News) – The consumer price index fell to a four-year low of 1.37% in June, even though eating out became 3.44% more expensive, the government said Tuesday.
The new figure marked the third month of declines in a row, per CNA. If fruit, vegetables, and energy products were excluded, inflation in June stood at 1.47%.
Food was the product recording the steepest increase of 2.82%, contributing to the 3.44% rise for eating out, according to the Directorate General of Budget, Accounting and Statistics. The change has given the public the impression that inflation is still relatively high, the government department said.
In addition, rents rose 2.30% in June, per UDN. Overall, inflation fell below 2% in May, with the figure for June marking its lowest point in 51 months.
Because of stable electricity rates, falling international prices for raw materials, and declining import prices due to exchange rates, inflation is expected to stay below 2% for the rest of the year, the government said.





