TAIPEI, June 14 (Reuters) – Controlling inflation is not only about interest rate rises and all government departments regularly discuss what other policies to take, Taiwan Economy Minister Wang Mei-hua said on Tuesday, with the pace of price increases at a near 10-year high.
Taiwan’s consumer price index was 3.39% higher in May than a year earlier. That inflation rate was the highest since August 2012 and exceeded the central bank’s 2% target for the 10th consecutive month.
“Compared to international control of inflation, Asian countries have taken more measures than Europe and the United States,” she said. “The Taiwan government has taken even more.”
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