CPI rises 2.84% in January

By ECCT staff writers

Taiwan's Consumer Price Index (CPI) increased by 2.84% in January 2022, compared with the same month of 2021. According to a news release from the Directorate General of Budget Accounting and Statistics (DGBAS), the index for services for nursery and nursing care rose 28.21%; the index for transportation fees rose 7.25% due to the increase in airfares; the index for entertainment expenses rose 2.26% as hotel charges and domestic package holidays fees increased. Moreover, indices for fruits, eggs, fish and seafood, meats, as well as food away from home rose 21.41%, 15.62%, 5.28%, 4.76%, and 3.87%, respectively. The index for fuels and lubricants also rose 16.77% due to the rising oil prices. However, the index for communication equipment fell 5.20% owing to the decrease in the prices of mobile phones, offsetting part of the increase.