Rising food prices pull CPI to grow 0.57%

Food prices rose by 2.61 percent, wardrobe by 1.13 percent, and health and medicine products by 0.89 percent from a year earlier, according to a new consumer cost index (CPI) information from a Directorate-General of Budget, Accounting and Statistics (DGBAS, 主計處).

Prices didn’t arise opposite a house – losses associated to preparation and entertainment, travel and communication, and domicile losses retreated 0.32 percent, 0.61 percent and 0.8 percent, respectively.

Among food products, fruit saw a largest change with an boost of 23 percent, that a DGBAS central blamed on inconstant continue and visit rainfall during a month.

The cost of seafood, dining-out, beef and eggs also rose, gaining 5.33 percent, 1.31 percent, 0.67 percent and 0.57 percent, respectively.

Among domicile expenses, H2O and lease grew 3.68 and 0.81 percent, respectively, while gas and electricity forsaken 15.68 and 11.68 percent, respectively.

For an normal domicile expending NT$60,000 per month, a 0.57-percent CPI boost equals an additional NT$342 of monthly spending.

In terms of month-on-month change, a CPI dipped 0.03 percent. Clothing equipment represented a largest monthly fluctuation, with a 1.98-percent diminution interjection to sales promotions in stores, according to a DGBAS report.

Article source: