Taiwan’s consumer prices up 0.31 percent in November

Focus Taiwan
Date: 2018/12/05
By: Pan Tzi-yu and Evelyn Kao

Taipei, Dec. 5 (CNA) Taiwan’s consumer prices rose 0.31 percent in November from a

CNA file photo

year earlier, the smallest increase in 13 months, government statistics showed Wednesday.

Meanwhile, the core consumer price index (CPI), which excludes fruit, vegetables and energy, rose 0.67 percent year-on-year, the smallest increase in 21 months, according to the Directorate General of Budget, Accounting and Statistics (DGBAS).

The low year-on-year CPI growth for November was not because of low consumption, but rather was due to a drop in vegetable prices, a moderate increase in fuel prices and the diminishing effects of a tobacco tax hike in June 2016, according to leading DGBAS specialist Hsu Chien-chung (徐健中).

He said stable weather conditions in recent weeks led to a decline in vegetable prices. In November, vegetable prices fell nearly 20 percent from the previous month and 22.64 percent from a year earlier, the steepest year-on-year decline in 13 months. The drop in vegetable prices contributed to a 0.46 percentage point drop of the CPI in November, Hsu said.    [FULL  STORY]

Leave a Reply

Your email address will not be published. Required fields are marked *

I accept the Privacy Policy

This site uses Akismet to reduce spam. Learn how your comment data is processed.