Consumer and wholesale prices rose slightly last month compared with the same month last year due to the local currency's appreciation and stabilizing oil prices, the Directorate General of Budget, Accounting and Statistics (DGBAS) said.
\nNo inflation threat
\n"Fluctuations in consumer and wholesale prices have been stable and mild, and have imposed no inflationary pressure," a DGBAS division chief, Tsuei Chou-ying (崔洲英), told a press conference yesterday.
\n"Actually, mild inflation would do the economy some good," Tsuei said.
\nCompared with the same month last year, the consumer price index (CPI) and wholesale product index (WPI), respectively, rose by 1.49 percent and 9.06 percent last month, which Tsuei said was a moderate increase.
\nFor the first 11 months of the year, Taiwan's CPI rose an average 1.6 percent, lower than the 1.7 percent increase reported in Singapore, a 3.7 percent rise in South Korea and a 4.1 percent rise in China, Tsuei said.
\nExport prices in particular marked an 8.01 percent rise in US dollars -- the biggest since July 1995, she said.
\nThe DGBAS had previously forecast the CPI to rise 1.81 percent this year and 1.88 percent next year, with Director-General Hsu Jan-yau (
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