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Taiwan vegetable prices increase by 16.5%

The consumer price index (CPI) last month rose 1 percent in Taiwan from a year earlier on the back of more expensive food items, particularly vegetables, following several days of heavy rain, government statistics released yesterday showed.

On a monthly basis, the inflationary gauge rose 0.76 percent, 0.12 percent after seasonal adjustments, the Directorate-General of Budget, Accounting and Statistics (DGBAS) said.

Last month, food prices rose 2.2 percent from a year earlier, with the prices of vegetables increasing by 12.91 percent, the agency said.

The latest vegetable price increase was the highest since December last year, when prices rose 16.53 percent because of bad weather. However, the prices of fruits fell 6.92 percent year-on-year, offsetting the increased vegetable prices.

The spike in vegetables prices meant a household with monthly spending of NT$60,000 spent an additional NT$209 on vegetables from the same period last year, it added.

1 NT = 0.033 USD
Source: taipeitimes.com

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