Taiwan: Inflation rises in October
November 5, 2010
In October, consumer prices added 0.66% over the previous month. The reading came in above the 0.09% price rise recorded in September. The increase was mainly due to the effects of the Typhoon Megi on crops, which drove food prices by 1.59%. As a result of the monthly reading, annual inflation rose from 0.3% in September to 0.6%, which doubled market expectations of a 0.3% increase. Meanwhile, the core inflation index, which excludes volatile categories such as fresh food and energy, rose 0.48% over the previous month. However, annual core inflation inched down from 0.7% in August to 0.6%. Annual average inflation increased from 0.4% in September to 0.6%. The government expects inflation to average 1.2% this year.