TAIPEI (Taiwan News) — Taiwan’s consumer prices rose 2.54% year-on-year in July, easing from the previous month but remaining above the government’s 2% inflation warning threshold for the third consecutive month, reports said Thursday.
The figure was down from June, according to the Directorate-General of Budget, Accounting and Statistics. Core inflation, which excludes fruit, vegetables, and energy products, also fell to 2.38%, per CNA.
Factors contributing to inflation in July included higher fuel prices, fuel surcharges on international airfares, and the cost of travel and eating out, the government said.
In contrast, inflation for household necessities declined from 2.17% in June to 1.95% in July, per CNA. The government monitors a basket of 17 household necessities including eggs, sugar, rice, bread, pork, cooking oil, instant noodles, shampoo, and toilet paper.
Egg prices rose 9.56% in July, Liberty Times reported. Rice, pork, and toilet paper saw price increases of more than 3%.
