Taiwan's consumer price index (CPI) fell 1.13 percent year-on-year in November -- the biggest fall in 14 years -- largely due to higher supplies of fruit and vegetables and lower clothing prices, official data showed yesterday.
The November CPI was also 0.11 percent lower from the previous month, said the Directorate General of Budget, Accounting and Statistics (DGBAS) in a statement.
The nation's wholesale price index (WPI) for the month declined 4.68 percent from a year earlier and was down 1.09 percent month-on-month as a result of slowing domestic and overseas demand, the DGBAS said.
Consumer prices were expected to be fairly stable next year despite impending hikes in prices of tobacco, alcohol and an increase in water supply rates, as the impact of the hikes was likely to be offset by lower tariffs, said deputy director Ku Pin-jan (辜炳珍).
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