Food prices propel CPI to 2.4% surge

INFLATIONARY GAUGE:Food costs rose 8.45 percent last month year-on-year, with prices of vegetables and fruits rising 80.7% and 14.51% respectively, the DGBAS said

Taipei Times
Date: Mar 09, 2016
By: Lauly Li / Staff reporter

Taiwan’s consumer price index (CPI) last month surged 2.4 percent year-on-year, driven by a jump in food prices caused by Lunar New Year demand and farm damage from a cold snap, the Directorate-General of Budget, Accounting and Statistics (DGBAS) said yesterday.

The figure represents the highest annual CPI increase for 36 consecutive months, government data showed.

The nation’s CPI last month increased 1.94 percent month-on-month, the DGBAS report showed.     [FULL  STORY]

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