CPI rises 2.84% in November
By ECCT staff writers
Taiwan’s Consumer Price Index (CPI) rose 2.84% in November compared with the same month in 2020, according to a report by the Directorate General of Budget, Accounting and Statistics (DGBAS).
The DGBAS attributed the increase mainly to rising prices of fuel, fruit, vegetables and dining out as well as higher airfares. According to the report, the index for fuels and lubricants rose 35.80% due to the rising oil prices and a relatively lower comparison base.
Indices for fruits and vegetables rose 24.74% and 12.91%, respectively. Moreover, the index for transportation fees rose 6.94% due to the increase in airfares. The index for entertainment expenses rose 1.57% as domestic package holidays fees increased while the local Covid-19 pandemic situation has stabilised. However, the index for communication equipment fell 7.36% owing to the decrease in the prices of mobile phones, offsetting part of the increase.
For the first eleven months of 2021, the CPI increased 1.91% over the same period of previous year. Indices for commodity and service moved up 2.49% and 1.42%, respectively, according to the report.