Consumer price index dropped 0.31% year-on-year in 2015: DGBAS

Taiwan News
Date: 2016-01-06
By: Ko Lin, Taiwan News, Staff Writer

The consumer price index (CPI) in Taiwan rose 0.14 percent last month, but

CPI dropped 0.31% year-on-year in 2015: DGBAS.

CPI dropped 0.31% year-on-year in 2015: DGBAS.

dropped 0.31 percent year-on-year in 2015, according to government statistics on Wednesday.

The December CPI increase was largely on the back of higher food prices, which were offset to some extent by declining fuel prices, the data from the Directorate General of Budget, Accounting and Statistics (DGBAS) showed.

DGBAS Deputy Director Tsai Yu-tai pointed out that the year-on-year drop was the first since 2009, and at a time when the economy was bottoming out with low commodity prices.     [FULL  STORY]

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