Thursday, 5 July 2012

Taiwan June CPI +1.77%; Below Market Expectations


Taiwan's June CPI rises 1.77% from a year earlier, a tad higher than May's 1.74% increase but below the 1.84% gain tipped in a Dow Jones poll. The government says lower global oil prices had offset higher vegetable and electricity prices. Economists say potential summer typhoons may keep food prices elevated and it remains to be seen if the island's whole-year inflation can be kept under 2%, as the government had pledged. They add, the ongoing euro-zone crisis and tepid growth in China may prompt Taiwan's central bank to keep interest rates steady in its September quarterly policy meeting.

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