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Investing.com -- Taiwan’s Consumer Price Index (CPI) inflation rate slowed to 1.37% year-over-year in June, down from 1.55% in May, according to recent data. The figure came in below market consensus expectations of 1.6%.
The cooling inflation demonstrated the impact of the Taiwan dollar appreciation. The price index of goods for domestic sales, which includes products produced both domestically and abroad, declined by 6.9% year-over-year in June, a steeper drop compared to the 5.9% year-over-year decrease recorded in May.
Import prices showed an even more significant decline, falling by 10.4% during the same period.
Core inflation, which excludes volatile items such as vegetables, fruits, and energy, and represents 92.2% of the CPI basket, also moderated to 1.47% in June from 1.6% in May.
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