Taiwan’s consumer prices increased for the third straight month in November at a faster-than-expected pace, figures from the Taiwan National Statistics showed Tuesday.
The consumer price index went up 0.53 percent year-over-year in November, exceeding economists’ expectations for a 0.31 percent spike. In October, prices had risen 0.31 percent.
Food prices grew 5.23 percent in November from a year ago and health costs climbed by 0.44 percent. At the same time, transportation and communication costs dipped by 4.85 percent.
On a monthly basis, consumer prices dropped 0.69 percent in November.
In an another report, the statistical office announced that wholesale prices decreased at a slower pace of 7.75 percent annually in November, following a 8.62 percent fall in the prior month. Economists had expected a 8.01 percent drop for the month.
Prices have been falling since September last year. Month-on-month, wholesale prices slid 0.69 percent in November.
The material has been provided by InstaForex Company – www.instaforex.com