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Taiwan inflation rises on surging food prices
Taiwan's consumer price index (CPI) rose at its fastest pace in three years in February, the island's statistics agency said on Tuesday.
The 2.4 percent year on year rise was mainly due to higher prices for vegetables, fruits, aquatic products and household electricity, the agency said.
The authority said vegetable supply was limited by a cold front that hit Taiwan in January, and meanwhile food demand was higher around the Chinese Lunar New Year holidays.
In the first two months, the CPI rose 1.6 percent year on year.
The wholesale price index declined by 4.93 percent year on year last month, mainly due to the price of metal, crude oil, coal and chemical products falling, the agency said.
dacare This entry was posted on March 10th, 2016 at 10:14:09 am by dacare and is filed under News of China.