Breaking 2% for 6 consecutive months! CPI increased by 2.33% year-on-year in October, with no imported inflation

The General Accounting Office announced today that the Consumer Price Index (CPI) increased by 2.33% year-on-year in October. The increase was slower than last month, but it has exceeded the 2% inflation warning line for six consecutive months. This was mainly due to continued increases in food expenses, rents, etc., as well as increases in fuel costs, air tickets and tour group fees. After deducting fruits, vegetables and energy, the core CPI rose by 2.49%. Cai Xiuhui, inspector of the General Accounting Office, said that domestic prices are still rising moderately and there is no imported inflation problem. The CPI is expected to still be higher than 2% in November, and the increase will be slightly higher than that in October.

According to a survey by the General Accounting Office, the CPI in October rose by 2.33% compared with the same month last year. This was mainly due to the continued increase in the cost of eating out. The cost of fuel increased by more than 10% due to the situation in the Middle East and the low base of the previous year. International air tickets and tour group fees also increased. In addition, eggs, aquatic products and housing Rental and other prices have increased, and prices of computers and other educational equipment and appliances, as well as mobile phones, have increased. However, hotel accommodation fees have been reduced due to the preferential measures of international travel on weekdays, and some service fees have fallen due to the high base of the Mid-Autumn Festival in October last year, offsetting part of the increase.

Among the seven major index categories, the transportation and communications category rose the most at 4.36% year-on-year, mainly due to the 15.17% rise in fuel costs in line with international oil prices. In addition, air tickets rose by 12.53% due to increases in fuel surcharges on international routes and airport service charges. Communication equipment, transportation parts and maintenance costs increased by 2.48% and 2.28% respectively. The education and entertainment category was followed by an annual increase of 2.94%, mainly due to a 9.51% increase in computer, other computer equipment and software and other education equipment and appliances due to the increase in memory prices. Tour group fees were also higher, but hotel accommodation fees fell by 5.19% due to the implementation of weekday international travel preferential measures.

In addition, the residential category increased by 2.07% year-on-year, mainly due to the 1.7% increase in rent. In addition, gas, household management expenses and household supplies increased by 7.67%, 3.14% and 2.99% respectively. As for food, it rose by 2.05% year-on-year, mainly due to the continued increase of 3.01% in the cost of eating out. In addition, eggs, aquatic products, prepared foods and meat increased by 9.38%, 4%, 3.06% and 1.63% respectively. However, the price of vegetables fell by 3.89%, offsetting part of the increase.

As for the 17 important people's necessities that the Executive Yuan's Price Stabilization Group is focusing on, the average annual increase in October was 1.6%, and the increase was slower than the previous month. Eggs had the highest annual increase of 11.45%, an eight-month high, followed by salad oil and conditioning oil, which rose by 5.34%, and bath products also increased by more than 4.64%.