TAIPEI (Reuters) – Taiwan’s June consumer price index (CPI) rose 3.59% from a year earlier, the statistics agency said on Wednesday, above market expectations for a 3.5% increase and rising above the central bank’s 2% target for the 11th month in a row.
The pace quickened from the 3.39% year-on-year reading for May, the Directorate General of Budget, Accounting and Statistics said in a statement.
(Reporting by Liang-sa Loh and Ben Blanchard; Editing by Andrew Heavens)
