Taiwan Inflation At 9-Month Low

Taiwan's consumer price inflation eased more-than-expected in November to the lowest level in nine months, data released by the Directorate General of Budget, Accounting & Statistics showed on Tuesday.

Consumer prices rose 2.35 percent year-on-year in November, slower than the 2.74 percent increase in October. Economists had forecast inflation to drop to 2.50 percent.

Further, this was the slowest rate of inflation since February, when prices had risen 2.33 percent.

The price index for eggs grew 24.81 percent annually in November, and that for fish and seafood rose 6.23 percent.

Prices for food away from home increased 5.81 percent, while the cost of communication equipment declined 7.26 percent.

On a monthly basis, consumer prices edged up a seasonally adjusted 0.07 percent in November, following a 0.13 percent rise in the prior month.

Data showed that the wholesale price inflation softened to a 20-month low of 9.07 percent in November from 10.97 percent in the previous month.

Producer price inflation also eased to 6.98 percent in November from 8.73 percent in October. The overall inflation was largely driven by higher prices for water, electricity and gas supply as well as petroleum and coal products.

Compared to the previous month, both producer and wholesale prices dropped 1.13 percent and 1.54 percent, respectively, in November.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Ford Motor Co. has once again raised the price of its popular F-150 Lightning electric pickup truck after the automaker resumed its production that was halted following electric vehicle battery fire incident. The company will also resume shipments of the Lightning this week, reports said. Paducah, Kentucky-based Higdon Outdoors LLC is recalling certain battery packs and replacement batteries citing fire and/or burn hazards, the U.S. Consumer Product Safety Commission said. The recall includes lithium-ion battery packs and replacement batteries on XS Series Pulsators, Swimmers, Crazy Kicker, and Flasher motion decoys used for waterfowl hunting. New York-based Delta Enterprise Corp. is recalling about 43,380 units of 2-in-1 outdoor kids swings citing fall hazard, the U.S. Consumer Product Safety Commission said. This recall involves 2-in-1 Outdoor Kids Swing with model numbers SW86508MM, SW86516MN, SW86575MM, SW86576MN and SW86577PW.
Follow RTT