Taiwan's CPI up 0.72% in September (update)

Taipei, Oct. 7 (CNA) Taiwan's consumer price index (CPI) rose 0.73 percent annually in September but was down 0.03 percent from a month earlier, the government reported Tuesday. The CPI also increased 1.32 percent during the first nine months of the year from the same period a year earlier, according to the Directorate General of Budget, Accounting and Statistics (DGBAS). The DGBAS said September's CPI growth on an annual basis was the lowest since February, when it was down 0.04 percent from the previous year, and far slower than in August, when the CPI rose 2.06 percent from a year earlier. The slow growth in consumer prices last month reflected declines in the prices of vegetables and fuel compared with September 2013.
Vegetable prices fell 20.89 percent year-on-year to offset the impact of price increases for other food items and limit the overall increase in food prices in September to 1.40 percent, the lowest rise on an annual basis since January, when food prices rose 1.0 percent.
The prices of eggs, meat, fish and fruit were up 11.15 percent, 11.12 percent, 4.96 percent, and 4.89 percent, respectively, from a year earlier, the DGBAS figures showed. Transportation and communications costs in September fell 1.33 percent year-on-year because of a 6.19 percent drop in fuel prices caused by lower international crude oil prices, the figures showed. The agency said discounts offered by smartphone vendors also led to a decline in transportation and communications expenses. The core CPI, which excludes the prices of vegetables, fruit and energy, rose 1.55 percent in September from a year earlier, while the wholesale price index (WPI) fell 0.67 percent year-on-year as prices for fuel, computers, and other electronics gadgets fell. In the first nine months of this year, the core CPI rose 1.19 percent and the WPI was up 0.27 percent from a year earlier. (By Lin Meng-ju, Y.F. Low and Frances Huang)

Updated : 2021-01-28 17:38 GMT+08:00