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19:24, 08-Nov-2017
Taiwan's CPI slows to 26-month low in October
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Taiwan's Consumer Price Index (CPI) fell by 0.32 percent in October compared to the same period last year, the lowest in 26 months, the island's statistics agency said Tuesday.
The agency mainly attributed the first negative CPI growth since March to a high comparison base with last October due to the typhoon impact.
Food prices fell 3.86 percent year on year with vegetable and fruit falling by 25.85 percent and 15.87 percent compared with last October when poor weather conditions spiked prices.
However, the average price of 17 major items grew at a 32-month high of 2.2 percent year on year.
Among them, pork prices rose by 5.55 percent, the highest in 31 months, while bread price growth registered a 33-month high of 5.72 percent.
The core CPI, which excludes vegetables, fruit and energy, saw a mild annual rise of 1.13 percent, the highest in nine months and pointed to mild inflation, the agency said.
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Source(s): Xinhua News Agency