NO BLACK SWANS: The index on consumer prices saw only a negligible increase, which might be a sign of public dissatisfaction with stagnant wages, a statistician said

Taipei Times
Date: Jan 30, 2018
By: Crystal Hsu  /  Staff reporter

The consumer confidence index (CCI) this month picked up with six constituent gauges all moving upward on the back of a stock rally that saw the TAIEX hold firmly above 11,000 points, a National Central University (NCU) survey released yesterday showed.

The CCI climbed to 87.69 this month, a 1.64 point gain from last month and the highest in 28 months, as stock investment interest soared to the highest level in nearly three years, NCU Research Center for Taiwan Economic Development director Dachrahn Wu (吳大任) said.

“The confidence figure reflects improvement in popular sentiment led by the strong bourse,” Wu told a news conference.

The sub-index on stock investment registered 109.7, the second-highest level in the history of the survey, as foreign and local investors increased holdings in local shares after returning from the New Year holiday, Taiwan Stock Exchange data showed.
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