2012 consumer price index up 1.93 percent in '12: data
CNATAIPEI--Taiwan's consumer price index (CPI) grew at an annual rate of 1.93 percent last year, meeting the government's projection of keeping inflation below 2 percent, a statistician said yesterday.
January 8, 2013, 12:01 am TWN
The CPI, a major gauge of inflation, endured ups and downs last year, but managed to grow at a pace slightly below the government's projected goal thanks to a combination of factors, said Wang Shu-chuan, a section chief at the Directorate General of Budget, Accounting and Statistics (DGBAS), which is in charge of commodity price statistics.
The index remained largely stable in the first quarter of 2012, but began an upward swing in the second quarter due to hikes in prices of gasoline, natural gas, electricity and some commodities, as well as various service charges and dining out costs, Wang said.
The CPI peaked in August when the annual growth rate hit 3.43 percent as prices of farm produce soared sharply because of disruptions in supply caused by a succession of typhoons, Wang said, adding that the index has since fallen back.