LINE

Text:AAAPrint
Economy

Taiwan's CPI in deflation in Q1

1
2015-04-09 13:30Xinhua Editor: Mo Hong'e

Taiwan faced greater deflationary pressure in March as prices fell for a third consecutive month, a similar pattern to the annual price declines of 2009 during the global financial crisis, Taiwan's statistical agency said on Wednesday.

The Consumer Price Index (CPI), a core measurement of inflation or deflation, dropped 0.61 percent from a year ago in March, compared with a year-on-year decline of 0.19 percent in February and a slump of 0.94 percent in January.

For the first quarter of 2015, the CPI fell 0.59 percent year on year, according to the agency.

Meanwhile, the Wholesale Price Index (WPI) recorded deeper price declines in March, falling 8.55 percent from the previous year, compared with a contraction of 8.49 percent in February.

On a monthly basis, the March CPI was down 0.22 percent but the WPI was up 0.08 percent from February.

Lower international crude oil prices, cheaper electronics products and fruit continued to drag on fuel costs in the local market, the agency said.

However, higher food prices in March offset some of the CPI declines.

Related news

MorePhoto

Most popular in 24h

MoreTop news

MoreVideo

News
Politics
Business
Society
Culture
Military
Sci-tech
Entertainment
Sports
Odd
Features
Biz
Economy
Travel
Travel News
Travel Types
Events
Food
Hotel
Bar & Club
Architecture
Gallery
Photo
CNS Photo
Video
Video
Learning Chinese
Learn About China
Social Chinese
Business Chinese
Buzz Words
Bilingual
Resources
ECNS Wire
Special Coverage
Infographics
Voices
LINE
Back to top Links | About Us | Jobs | Contact Us | Privacy Policy
Copyright ©1999-2018 Chinanews.com. All rights reserved.
Reproduction in whole or in part without permission is prohibited.