Taiwan CPI Passes Inflation Warning for Fourth Consecutive Month

TaiwanPlus News

Taiwan’s year-on-year Consumer Price Index (CPI) growth has surpassed the government's 2% inflation threshold for the fourth month in a row. Officials say rising produce prices driven by agricultural damage from Typhoon Gaemi are the main cause.

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00:00Shoppers continue to face mounting expenses, as rising produce prices drive up Taiwan's

00:06Consumer Price Index.

00:08The index measures the average price of consumers' goods, and it grew 2.36 percent year-on-year

00:13in August.

00:14It's the fourth month in a row that year-on-year growth surpassed the government's 2 percent

00:19inflation warning mark.

00:20Officials say fruit and vegetable prices are still feeling the effects of typhoon Kami.

00:26However, price drops for other items, like clothing and toilet paper, have slightly offset

00:29that increase.

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