Taiwan's Consumer Prices Drop Slightly In February





Taiwan's consumer prices decreased modestly in February from last year, data released by the National Statistics revealed Wednesday.
The consumer price index edged down 0.05 percent in February from the corresponding month of last year.
The decline mainly reflected a 2.07 percent fall in transportation and communication costs, and a 0.64 percent decrease in clothing expenses. These were partially offset by a 2.54 percent gain in food prices, and a 0.7 percent growth in housing costs.
Month-on-month, the consumer price index recorded a 0.4 percent decrease during February, the agency said.
Separately, the agency said Taiwan's wholesale prices decreased 0.48 percent year-on-year in February. Sequentially, wholesale prices rose by 0.4 percent.


News are provided by InstaForex.