Taiwan’s CPI has exceeded the inflation warning line for five consecutive months

China News Service, Taipei, October 7 (Reporter Zhu He Lumei) Data released by the "General Accounting Office" of the Taiwan authorities' administrative agency on the 7th showed that Taiwan's consumer price index (CPI) increased by 2.73% year-on-year in September, breaking through the 2% inflation warning line for five consecutive months, the largest increase in two and a half years.

Among the categories with large price changes, transportation and communications prices in Taiwan increased by 4.07% year-on-year in September, mainly due to a 12.72% increase in fuel costs as international oil prices rose. Air ticket prices increased by 13.83% due to increases in fuel surcharges on international routes and airport service fees, and transportation parts and maintenance fees increased by 2.26%.

Educational and entertainment prices increased by 3.15% year-on-year, mainly due to the increase in the price of memory and other equipment, which led to an increase in the price of educational equipment and appliances including computers, other computer equipment and software; the price of tour group fees also increased compared with the same period last year.

Food prices increased by 2.64%, mainly due to a 3.04% increase in eating out costs, and eggs, vegetables, aquatic products and meat increased by 8.84%, 4.93%, 3.99% and 1.88% respectively.

Residential prices increased by 2.38%, mainly due to a 1.72% increase in rent, while gas, electricity and household management expenses increased by 7.62%, 4.35% and 4.2% respectively.

Taiwan's Producer Price Index (PPI) in September, released on the same day, rose 18.12% year-on-year, mainly due to rising prices of petroleum and coal products, computers, electronic products and optical products, chemical materials and their products and pharmaceuticals, and electronic components.