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Taiwan Inflation Slows Unexpectedly In October

Taiwan's consumer price inflation eased unexpectedly in October, data from the Directorate-General of Budget, Accounting and Statistics showed on Wednesday.

The consumer price index climbed 0.39 percent year-on-year in October, after a 0.43 percent rise in both August and September. Economists had expected a 0.45 percent increase.

Excluding fruits, vegetables and energy, the core CPI rose 0.66 percent annually in October.

On a monthly basis, consumer prices rose 0.03 percent in October.

Data also showed that the wholesale prices declined 6.21 percent in October, following a 4.53 percent fall in September.

On a month-on-month basis, wholesale prices decreased 1.59 percent in October.

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