Taiwan's CPI rose 1.20% year-on-year in March, with core CPI up 1.94%. Rising costs for dining out, meat, rent, and airfare were key drivers, partially offset by falling prices for produce and electronics. The impact of the Middle East conflict on prices remains minimal.
The Directorate-General of Budget, Accounting and Statistics announced today that Taiwan's Consumer Price Index (CPI) rose by 1.20% year-on-year in March. The core CPI, excluding fruits, vegetables, and energy, increased by 1.94%. The CPI for essential daily necessities saw a convergence in its increase rate to 1.79%.
The Directorate-General of Budget, Accounting and Statistics explained that some businesses raised prices for dining out in March, and meat prices remained high. Additionally, rent, household management fees, electricity and gas bills, airfare, and prices for auto parts and computer equipment all contributed to the rise in prices. However, price decreases in fruits, vegetables, vehicles, and communication equipment offset some of the increase. (Editor: Pan Yi-ching) 1150408
FACT BOX
- Source: CNA (Central News Agency)
- Category: Survey
FAQ
By how much did Taiwan's Consumer Price Index (CPI) rise year-on-year in March according to the announcement?
Taiwan's Consumer Price Index (CPI) rose by 1.20% year-on-year in March, according to the Directorate-General of Budget, Accounting and Statistics.
What was the year-on-year increase rate of Taiwan's core CPI, which excludes fruits, vegetables, and energy, in March?
The core CPI, excluding fruits, vegetables, and energy, increased by 1.94% year-on-year in March.
What was the year-on-year increase rate for the CPI of essential daily necessities in March?
The CPI for essential daily necessities saw a convergence in its increase rate to 1.79% in March.
Which factors contributed to the rise in consumer prices in Taiwan during March?
The rise was driven by higher prices for dining out, meat, rent, household management, electricity, gas, airfare, auto parts, and computer equipment.
What offset some of the price increases in Taiwan's Consumer Price Index for March?
Price decreases in fruits, vegetables, vehicles, and communication equipment offset some of the increase.