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Taiwan Inflation Accelerates In December

Taiwan's consumer price inflation accelerated more-than-expected in December, data from the Directorate-General of Budget, Accounting and Statistics showed on Tuesday.

Headline inflation rose to 1.13 percent from 0.59 percent in November. The rate was forecast to climb to 0.8 percent.

Excluding fruits, vegetable and energy, core consumer prices was unchanged on month but increased 0.57 percent annually.

On a monthly basis, consumer prices gained only 0.04 percent on weak clothing and communication costs.

In 2019, overall consumer prices advanced 0.56 percent and core consumer prices gained 0.5 percent.

Data showed that wholesale prices decreased 3.42 percent annually reflecting notable decreases in prices of chemical and pharmaceuticals and basic metals and electronic parts. On month, wholesale prices fell 0.23 percent.

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