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Taiwan's CPI rises in September after months of decline

Taiwan's CPI rises in September after months of decline

Taipei, Oct. 7 (CNA) Taiwan's consumer price index (CPI) for September rose 0.28 percent from a year earlier, the first monthly rise this year after falling for eight straight months, the Directorate General of Budget, Accounting and Statistics (DGBAS) said Wednesday. Citing statistics compiled by the DGBAS, Tsai Yu-tai (???), deputy director of the agency's census department, said the rise in inflation seen last month resulted from a hike in food prices, which were affected by two main factors.
Seasonal demand for food items rose because of the Mid-Autumn Festival, and Typhoon Soudelor in early August and persistent rainfall later in the month caused disruptions to the country's food supply chain, pushing the price of agricultural produce higher in September. Food prices grew 5.85 percent in September from a year earlier, with prices of vegetables and fruits up 34.07 percent and 12.60 percent, respectively. The prices of frozen foods and meat grew 5.49 percent and 2.68 percent, respectively, from a year ago, while dining out expenses rose 1.79 percent, the DGBAS data showed. Taiwan's CPI rose 0.68 percent on a month-on-month basis, and was also 0.15 percent higher on a sequential basis after seasonal adjustments. Despite the monthly rise in the CPI, consumer prices in Taiwan were still down 0.52 percent during the first nine months of 2015 compared with the same period a year earlier. (By Chen Cheng-wei and Frances Huang)


Updated : 2021-09-24 01:00 GMT+08:00