Consumer prices down slightly in February

Taipei--Consumer prices in Taiwan trended slightly lower in February largely on a high comparison base over the same period of last year, government statistics said Tuesday.

According to the Directorate General of Budget, Accounting and Statistics (DGBAS), the consumer price index (CPI) for February fell 0.04 percent from a year earlier and also dropped 0.34 percent from a month earlier.

The DGBAS said that consumer prices in February of 2016 spiked due to seasonal strong demand around the Lunar New Year holiday, which began on Feb. 7 and ran through Feb. 14 that year, to push up the comparison base.

After seasonal adjustments, however, the February CPI rose 0.65 percent from a month earlier, the data showed.

The core CPI, which excludes vegetables, fruits and energy, rose 0.17 percent from a year earlier, the DGBAS said.

Source: Focus Taiwan News Channel