Inflation tops 3%
By ECCT staff writers
Taiwan’s Consumer Price Index (CPI) increased by 3.27% in March, compared to the same month in 2021. According to an official News Release by the Directorate General of Budget Accounting and Statistics (DGBAS), the rise was mainly because the index for vegetables rose 24.35% due to the cold snap and a relatively lower comparison base. The index for eggs rose 23.00% due to increased feeding costs.
The index for fuels and lubricants rose19.20% in line with the rise in international oil prices. Moreover, indices for fruits, takeaway food, transportation fees, meats, as well as household appliancesrose 8.53%, 5.26%, 4.62%, 4.54%, and 3.25%, respectively. However, the indexfor communication equipment fell 4.40%, offsetting part of the increase. The core CPI increased 2.47%. For the first quarter of 2022, the CPI increased 2.81% over the same period of previous year. The index for commodity and service moved up 3.82% and 1.99%,respectively. The core CPI increased 2.18%.