By Crystal Hsu
/ Staff reporter
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Taiwan’s consumer inflation remained above the central bank’s 2 percent alert level for a third consecutive month last month due to higher fuel costs, airfares and food prices, the Directorate-General of Budget, Accounting and Statistics (DGBAS) said yesterday. The consumer price index (CPI) rose 2.54 percent last month from a year earlier, slowing from June’s 2.59 percent increase, while core CPI, which strips out volatile components such as fresh food and energy, rose 2.38 percent, the agency said. “Domestic price pressures remain moderate, and there is no evidence of broad-based imported inflation despite CPI staying above 2 percent for three consecutive months,” DGBAS price statistics department head Tsai Hsiu-hui (蔡秀慧) said.
A man looks at produce at Binjiang Market in Taipei’s Songshan District on July 8.
