Alexa

SEPTEMBER CPI DOWN 1.22% YEAR-ON-YEAR

Taipei, Oct. 6 (CNA) The consumer price index (CPI) for September declined 1.22 percent from the level for the same month last year, marking the biggest year-on-year drop since March 2003, according to tallies released Thursday by the Directorate General of Budget, Accounting and Statistics (DGBAS).
The September CPI was 0.53 percent lower compared with the previous month, marking the second consecutive month that the CPI has declined, DGBAS officials said.
For the first nine months of this year, the CPI was 0.83 percent higher than the figure for the same period last year, the officials said.
They said good weather in September resulted in sufficient supplies of fruit and vegetables, which led to lower prices than for the same month in the previous year, when the supply was affected by a string of typhoons.
The cut in oil prices and end-of-summer clothing sales in September also helped relieve inflation pressure, they said.
The officials predicted that food prices will continue to go down in October if the weather remains stable.
Meanwhile, the wholesale price index (WPI) for September was down 0.17 percent from August but up 6.69 percent compared with the same month last year, they said.
For the nine months to September, the WPI was 5.47 percent higher than the level for the same period last year, they said.
(By Y.F. Low) ENDITEM/Li


Updated : 2020-12-05 17:31 GMT+08:00