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Consumer prices up 0.43% in September

2019/10/05 19:10:44

Taipei, Oct. 5 (CNA) Taiwan's consumer prices moved nearly a half percent higher in September because of higher fruit and vegetable prices and medical and tourism expenses, the country's statistics bureau reported Saturday.

The consumer price index (CPI) rose 0.43 percent in September year-on-year after a similar 0.43 percent rise in August, according to Directorate General of Budget, Accounting and Statistics (DGBAS) figures.

The core CPI, which excludes fruit, vegetables and energy, rose 0.52 percent in September from a year earlier, the DGBAS figures showed.

In the first nine months of this year, the CPI was up 0.51 percent from a year earlier, while the core CPI rose 0.46 percent year-on-year, the figures showed.

DGBAS specialist Chiu Shu-chun (邱淑純) in a news conference described inflation in Taiwan as remaining mild and stable.

In September, food prices were up 1.97 percent year-on-year as the prices of fruit and vegetables rose 7.34 percent and 2.37 percent, respectively, according to DGBAS figures.

Health care expenses were 0.90 percent higher than a year earlier because of higher hospital registration fees and hospitalization costs, but transportation and communications expenses fell 2.71 percent, the steepest fall in 43 months, on falling fuel prices and air fares.

The prices for clothes and other fashion items were also down 0.98 percent from a year earlier with the help of summer promotions.

The cost of a basket of 17 government-monitored household necessities, including rice, pork, bread, eggs, sugar, cooking oil, shampoo and toilet paper, fell 0.49 percent from a year earlier in September, after a 0.04 percent increase in August, the DGBAS said.

The wholesale price index (WPI) fell 4.53 percent, largely reflecting a drop in the prices of chemical products, crude oil, coal, drugs and base metals, DGBAS figures showed.

In the first nine months of the year, the WPI fell 1.27 percent year-on-year.

(By Wu Po-wei and Frances Huang)
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