Taiwan Consumer Prices Fall Further In August

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Taiwan’s consumer prices continued to decline in August, albeit at a slower pace, data from the Directorate-General of Budget, Accounting and Statistics showed on Tuesday.

The consumer price index fell 0.33 percent year-on-year in August, following a 0.52 percent decrease in July. Economists had expected a 0.30 percent decline.

Prices of fuels and lubricants fell 15.03 percent as the international oil prices plummeted.

On a month-on-month basis, consumer prices rose 0.18 percent in August.

Excluding fruits, vegetables and energy, core consumer prices increased 0.31 percent annually in August and fell 0.02 percent from the previous month.

Separate data showed that the wholesale prices declined 9.09 percent annually in August, following a 9.15 percent fall in the preceding month.

On a monthly basis, wholesale prices rose 0.50 percent in August.

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