Taipei--Taiwan's consumer prices in April were up slightly from a year earlier, with a decline in vegetable and egg prices offset by higher prices for other food items as well as fuel and transportation, the government said on Friday.
Citing data, the Directorate-General of Budget, Accounting and Statistics (DGBAS) said the consumer price index (CPI) for April rose 0.12 percent from a year earlier.
Month-on-month, the CPI rose 0.27 percent in nominal terms but fell 0.02 percent on a seasonally adjusted basis, the DGBAS said.
In April, food prices fell 2.38 percent from a year earlier largely because vegetable and egg prices fell 34.54 percent and 8.20 percent, respectively, while the prices of fish, dairy products and meat rose 5.06 percent, 3.28 percent and 2.19 percent.
Transportation costs and fuel prices rose 15.88 percent and 12.24 percent, respectively, year-on-year in April to push Taiwan's CPI higher for the month, but mobile phone and internet communications charges fell 2.28 percent and 1.16 percent, respectively, the DGBAS said.
Dining-out costs rose 1.97 percent in April from a year earlier, the biggest increase in 23 months.
Mei Chia-yuan (???), the deputy director of the DGBAS's statistics department, said the increase partly reflected newly imposed five-day workweek rules, which have pushed up labor costs because of higher overtime pay and the need to give workers more time off.
The cost of a basket of 17 government-monitored household necessities, including rice, pork, bread, eggs, sugar, cooking oil, shampoo and toilet paper, rose 1.69 from a year earlier in April following a 1.11 percent rise seen in March, according to the DGBAS.
The core CPI, which excludes vegetables, fruits and energy, rose 1.01 percent from a year earlier.
Taiwan's wholesale price index (WPI) moved higher in April for the fifth consecutive month, rising 1.12 percent from a year earlier because of higher metal, crude oil and coal prices, the DGBAS said.
The pace of growth in April was lower, however, than in previous months, which should keep a lid on upward pricing pressure at the retail sector, the DGBAS said.
In the first three months of this year, the WPI grew between 1.74 percent and 2.75 percent.
On a month-on-month basis, the April WPI fell 0.83 percent, according to the DGBAS.
In the first four months of the year, Taiwan's CPI growth averaged 0.61 percent with the core CPI at 0.94 percent, while the WPI rose 2.02 percent, the DGBAS said.
Source: Focus Taiwan News Channel