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MOEA says holiday commodity prices to stay stable

MOEA says holiday commodity prices to stay stable

Prices of commodities will stay stable during the Mid-autumn Festival this year, the ministry of economic affairs said yesterday.
According to statistics released yesterday by the Directorate General of Budget, Accounting and Statistics, the CPI in September 2006 was 104.18 (using 2001's figures as 100), down 0.53 percent from last month, and down 1.22 percent compared with the same month last year, due to the falling price of vegetables and gasoline. Although the CPI was up 0.83 percent for the first nine months in 2006 compared with the same period last year, the DGBAS official said the CPI should stay stable if food and oil prices keep declining.
Compared with the United States and other Asian countries, Taiwan's CPI fluctuation was rather low. It was only up 0.83 percent, compared to the United States at 3.9 percent, Singapore at 1.2 percent, China at 1.3 percent, Hong Kong at 2.0 percent and South Korea up 2.4 percent for the first eight months this year.
The official explained that the price of vegetables in September last year grew because continuous typhoons hit to Taiwan, but the weather this year has been much better, so the vegetable price fluctuation has stayed within a reasonable range. In addition, the declining oil prices and summer clothing sales kept the CPI in September dropping.
The statistics also shows that the wholesale price index in September 2006 was 120.83 (using 2001's figures as 100), down 0.17 percent from last month, but up 6.69% compared with the same month last year, and up 5.47 percent compared with the first nine months last year. The Import Price Index and Export Price Index rose 9.37% and 2.44% respectively.
Wheat and corn market prices are higher than last year due to reduced crops and increased transportation prices, but on the whole, the price fluctuation is still reasonable in Taiwan, the official said.


Updated : 2021-05-12 20:46 GMT+08:00