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Taiwan's CPI grew marginally in March

Xinhua, April 6, 2017 Adjust font size:

Taiwan's Consumer Price Index (CPI) grew marginally by 0.18 percent on a yearly basis in March, mainly on account of a rise in fruit, transportation and communication prices, the island's statistics agency said Thursday.

Transportation and communications costs rose 2.78 percent in March, largely led by double-digit growth in long-distance bus fares and fuel prices. The rise was partially offset by declines in Internet and mobile phone fees.

Food prices dropped 1.72 percent year-on-year in March, mainly due to vegetable and eggs price drops, this was partially offset by fruit and aquatic product price hikes.

Compared with the previous month, the CPI, a main gauge of inflation, dropped by 0.37 percent in March.

The core CPI, which excludes vegetables, fruit and energy, rose by 0.95 percent year-on-year, the agency said, while the January Wholesale Price Index (WPI), a gauge of production costs, increased by 1.84 percent from a year earlier. Endi