Home Economy Taiwan Inflation Rises In February

Taiwan Inflation Rises In February

by RTTNews Staff Writer

Taiwan’s consumer price inflation rose in February, mainly due to the Chinese New Year effects, the Directorate-General of Budget, Accounting and Statistics said on Friday.

The consumer price index rose 0.23 percent year-on-year in February, following a 0.18 percent rise in January. Economists had expected a 0.3 percent rise in inflation.

Excluding fruits, vegetables and energy, the core inflation was 0.30 percent in February.

On a monthly basis, consumer prices rose 0.99 percent in February and the core CPI climbed 0.89 percent.

In the January-February period, inflation was 0.20 percent, while the core inflation was 0.41 percent.

Further, data showed that wholesale price inflation rose to 0.8 percent year-on-year in February from 0.54 percent in the previous month.

On a month-on-month basis, the wholesale prices rose 0.2 percent in February.

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