China News Service, Taipei, December 12 (Reporter Chen Xiaoyuan) The "Comptroller's Office" of the Taiwan authorities announced on the 6th that the consumer price index (CPI) in November decreased by 6.11% from the previous month, and decreased by 0.28% after adjusting for seasonal change factors; However, it increased by 0.07% from the same period last year.
The year-on-year increase in CPI in November was still at a high level, and the "Comptroller's Office" said that it was mainly due to the increase in food prices such as vegetables, fruits, meat and outside food, as well as the increase in entertainment services, rent, fuel costs, personal belongings, personal care service fees and medical expenses. If vegetables and fruits are excluded, the CPI increased by 11.2% year-on-year, and the core CPI, excluding energy, increased by 36.2% year-on-year.
On December 12, the "Comptroller and Accounting Office" of the Taiwan authorities announced that the consumer price index (CPI) in November increased by 6.11% year-on-year, of which the prices of vegetables and fruits increased significantly. The picture shows a fruit shop in Taipei City. Photo by China News Service reporter Chen Xiaoyuan
Among the seven categories of CPI in November, food rose by 11.5% year-on-year. According to the Comptroller's Office, fruits and vegetables increased by 63.18% and 73.10% respectively due to the postponement of heavy rain brought by successive typhoons. Meat was affected by the increase in feeding costs, up 67.6%; Prepared food, eggs, outside food, cereals and their products rose by 15.4%, 75.4%, 48.4% and 21.3% respectively.
Among them, the price of Chinese noodles (such as fried noodles and xiao long bao) commonly eaten by Taiwanese people increased by 5.24% year-on-year, Chinese breakfast (such as baked cakes) increased by 5.09%, and Chinese-style rice food (such as braised pork rice) increased by 4.58%.
On December 12, the Comptroller's Office announced that the consumer price index (CPI) in November increased by 6.11% year-on-year. Among them, food such as eating out increased significantly. The picture shows that recently, people are waiting for food at a noodle restaurant in Taipei City. Photo by China News Service reporter Chen Xiaoyuan
From January to November this year, Taiwan's CPI increased by an average of 1.11% year-on-year.
Statistics released at the same time on the same day showed that Taiwan's producer price index (PPI) fell 11.1% in November from the previous month and 28.0% from the same period last year. The average PPI from January to November this year fell by 7.1% year-on-year.
While the CPI growth rate is still at a high level, the forecast of Taiwan's GDP growth rate this year announced by a number of research institutions is generally lower than 1.5%. Inflationary pressure has attracted the attention of public opinion in Taiwan.
Taiwan's "Business Times" published an article entitled "Curbing Inflation and Avoiding 'Stuffy' Economic Difficulties" on 5 July, pointing out that the accumulated pressure on Taiwan's high inflation in recent years is gradually emerging. If people save on daily living expenses as a result, it will not be good for Taiwan, which currently hopes to boost economic growth through domestic consumption.
The article believes that it is necessary to adopt a tax policy so that enterprises are willing to continue to raise wages. In addition, monetary policy authorities need to adopt policies to curb inflation when necessary. (ENDS)