CPI up 1.7% in October

Taiwan’s consumer price index (CPI) rose 1.7 percent in October from a year earlier mainly because of higher fruit and vegetable prices driven up by bad weather, government statistics showed Tuesday.

The October CPI was also up 1.45 percent from a month earlier, the Directorate General of Budget, Accounting and Statistics (DGBAS) data showed.

The main factors driving inflation higher during the month were year-on-year price increases in vegetables, fruit, fish, meat and eggs, with vegetable prices up 36.53 percent from October 2015.

Price hikes for grains and related products, higher dining-out expenses, and an increase in water rates also contributed to the rise in the CPI.

Those increases were slightly offset by lower prices for fuel, home appliances and consumer electronics from a year earlier.

The core CPI, which excludes vegetables, fruit and energy, rose 0.96 percent in October year-on-year, the DGBAS said.

For the first 10 months of the year, the CPI rose 1.30 percent from the same period a year earlier.

Source: Focus Taiwan News Channel