DEFLATION FEARS DISMISSED:The DGBAS said that without the fall in world oil prices, prices would have risen 0.31%. Core CPI rose 0.57%, and posted similar growth in May

Taipei Times
Date: Jul 08, 2015
By: Crystal Hsu  /  Staff reporter

The consumer price index (CPI) edged down 0.56 percent last month from the same period a year earlier as lower fuel prices continued to drag the inflationary gauge, the Directorate-General of Budget, Accounting and Statistics (DGBAS) said yesterday.

The contraction appeared to have narrowed for two months, compared with the revised declines of 0.74 percent in May and 0.82 percent in April, as distortions from international crude oil prices taper off, the agency’s data showed.

Of the major consumption categories, transportation and communications costs reported the biggest decline of 5.41 percent last month from a year earlier, as fuel prices fell by 23.19 percent.     [FULL  STORY]