Taiwan's Price Increases 2.37% in January, the Largest Increase in 3 Years

According to Taiwan’s “China Times” report, Taiwan’s “Administrative Comptroller's Office” announced price changes in the Taiwan region in January and pointed out that the consumer price index (CPI) increased by 2.37% month-on-month to 2008. The biggest increase since November.

According to reports, among the seven major categories affecting price changes, the food category rose by 4.54%, and Wang Shujuan, the official of the Taiwan Administrative Bureau’s Chief Comptroller Office explained that due to the weather, the price of vegetables rose by as much as 42.03%, affecting the increase of the total index. At 0.83 percentage points, the effect of the Chinese New Year holiday also fermented at the same time, which together caused the prices to rise; however, the decline in the cost of 3C commodities (information appliances), networks, and communications offset the overall price increase pressure.

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