Consumer prices last month declined by 1.54 percent from October, as vegetable prices dropped in the run-up to the peak winter season, according to a statement from the Directorate General of Budget, Accounting and Statistics.
The consumer price index (CPI), a closely-watched indicator to gauge inflation, fell a seasonally adjusted 0.5 percent month-on-month, the bureau said yesterday.
The decisions by the nation's two major oil suppliers, Chinese Petroleum Corp (
However, last month's CPI climbed by 2.47 percent from a year ago, due to higher food costs and oil prices.
Consumer prices between January and last month rose by 2.31 percent year-on-year, according to the statement.
Jao Chih-chien (
The wholesale price index last month fell by 1.13 percent from October but edged up by 0.91 percent from a year ago, the first increase since May.
Chou Ji (
Despite the good news, he said chances are still quite high that the central bank will continue to raise benchmark interest rates to narrow the interest-rate spread between Taiwan and the US.
On Sept. 15 the bank raised the benchmark interest rate by 0.125 percentage points for the fifth consecutive quarter. The discount rate on 10-day loans to commercial lenders jacked up to 2.125 percent.
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