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Taiwan's CPI Growth Drops to 1.59% in November

Taipei, Dec. 7, 2012 (CENS)--Due to weak private spending and price drops of vegetables, the annual growth of Taiwan's consumer price index (CPI) declined to 1.59% in November, the lowest of its kind since May, according to the Directorate General of Budget, Accounting & Statistics (DGBAS).

In November fruit prices dropped obviously and the average price of vegetables declined 16%. In addition, prices of apparel, housing and commuting all saw downtrends due to gloomy economy. However, prices at F&B outlets rose 2.66% YoY, a new high since April 2009.

In the same month the annual rise in wholesale price index (WPI) recorded a negative 3.87% for the ninth consecutive monthly fall and the largest fall in three years.

In the first 11 months the CPI grew 1.96% with DGBAS predicting the growth to be 1.93% for the full year.

(by Judy Li)
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