Taiwan's consumer prices rise 1.75% in July: DGBAS

2018/08/07 18:41:58 fontsize-small fontsize-default fontsize-big
Image taken from Pixabay

Image taken from Pixabay

Taipei, Aug. 7 (CNA) Taiwan's consumer price index (CPI) rose 1.75 percent in July from a year earlier largely due to a spike in the price of tobacco and betel nuts, according to a press release issued by the Directorate General of Budget, Accounting and Statistics (DGBAS) Tuesday.

Compared with the same month of the previous year, the price of tobacco and betel nuts spiked 37.95 percent due to an increase in the cigarette tax, while the price of fuel and lubricants rose by 22.89 percent, as a result of higher international crude oil prices, the statement said.

The price of eggs rose by 21.96 percent from a year earlier, transportation costs increased 6.13 percent, while water, electricity and gas rose 3.93 percent, DGBAS statistics showed.

Excluding fruit, vegetables and energy, core CPI for July increased 1.5 percent year-on-year, the DGBAS pointed out.

For the first seven months of 2018, the increase in CPI was 1.65 percent compared with the same period of the previous year, DGBAS said, adding that while the price of commodity and services rose 2.64 and 1.03 percent, respectively, core CPI increased 1.44 percent.

(By Pan Tzu-yu and William Yen)

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