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Taiwan CPI up 0.67% in November on back of expensive veggies

TAIPEI--Taiwan's consumer price index (CPI) for November rose 0.67 percent from a year earlier, largely on the back of more expensive vegetable prices, the government said Thursday.

The hike in local consumer prices also reflected rising dining-out costs and fuel prices, the Directorate General of Budget, Accounting and Statistics (DGBAS) said.

Last month, the DGBAS said, prices of meat, fish, household electricity, Chinese herbal medicine and tourism expenses remained high, which lifted the CPI.

On a month-on-month basis, the local CPI fell 0.72 percent, and after seasonal adjustments, the index dropped 0.29 percent, the DGBAS said.

The DGBAS said vegetable prices started spiking in September as typhoon damage slashed supplies and the bad weather factor continued to weigh on the vegetable market in November, despite a gradual recovery in supplies.

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