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Taiwan consumer prices up 2.46 percent in July

2012/08/06 10:58:19

Taipei, Aug. 6 (CNA) Taiwan's consumer price index (CPI) for July rose 2.46 percent from a year earlier, reflecting hikes in vegetable, fruit and oil prices, according to statistics released by the government Monday.

The Directorate General of Budget, Accounting and Statistics said torrential rain that hit the island during that month caused extensive crop damage, which led to higher local food prices, in particular for fruit and vegetables.

At the same time, increases in oil prices also placed upward pressure on the CPI, the statistics showed.

(By James Lee)