Inflation may grow slower in Sept. than Aug.: experts
The China Post news staff
October 1, 2012, 12:12 am TWN
The China Post news staff--Consumer prices may grow at a slower rate in September than August, experts said yesterday.
Taiwan's consumer price index (CPI) grew 3.42 percent in August on a year-on-year basis, the highest in four years, after vegetables got more expensive in the wake of two typhoons, according to the Directorate General of Budget, Accounting and Statistics, which is set to release the September figures this Friday.
According to experts, vegetable prices in September declined from August, in which vegetables were sold for an average of NT$35.6 a kilogram.
In September, prices grew 38 percent in the beginning of the month on a year-on-year basis and 12 percent in the middle of the month. By Sept. 28, the average price fell to NT$25 a kilogram.
As for fruits, by Sept. 28 they were sold for an average of NT$42.5 a kilogram, up from NT$39.4 for August.
Fuel prices, meanwhile, went up and down in September, experts said. These factors will cause September CPI to grow at a smaller margin on a year-on-year basis compared to August, they said.