Alexa
  • Directory of Taiwan

Taiwan's consumer prices fell in September for second month in a row

Taiwan's consumer prices fell in September for second month in a row

Taiwan's consumer prices fell for the second month in a row in September as fruit, vegetables and mobile phone fees became cheaper, the government said Thursday.
In September, Taiwan's consumer price index fell 1.22 percent from the same month last year, after falling a revised 0.56 percent in August, the Directorate-General of Budget, Accounting and Statistics said.
The fall was bigger than the average 0.2 percent decline forecast by economists in a Dow Jones Newswires survey.
The wholesale price index rose 6.69 percent in September, down from the previous month's revised 9.08 percent rise, the directorate said.
The increase was slightly lower than the average forecast of 6.77 percent in the survey.
September's CPI decline was the largest in 43 months, following a fall of 1.52 percent in February 2003 from the same month one year earlier.
Wu Chung-ming, head of the directorate's prices section, said the government will very likely lower its 2006 CPI forecast because global oil prices are expected to continue to pull back in the coming months.
"Another reason is stable fruit and vegetable prices have contributed greatly to steady inflation this year," Wu said.
In August, the directorate projected a 1.8 percent increase for CPI this year. Last year, CPI increased 2.3 percent.


Updated : 2021-06-15 09:12 GMT+08:00