Taipei, Nov. 6 (CNA) Taiwan’s consumer price index (CPI) rose 1.48 percent year-on-year in October, with pork prices surging 9.07 percent–the steepest increase in nearly 20 months–the Directorate-General of Budget, Accounting and Statistics (DGBAS) said Thursday.<\/p>\n
Although inflation had stayed below the 2 percent alert level for six straight months, October’s rise was 0.23 percentage points higher than in September, according to the agency.<\/p>\n
Core CPI, which excludes fruit, vegetables and energy, rose 1.84 percent from a year earlier, up from 1.46 percent in September.<\/p>\n
DGBAS specialist Tsao Chih-hung (\u66f9\u5fd7\u5f18) attributed the uptick in CPI and core CPI to increased spending during October’s three long weekends for the Mid-Autumn Festival, National Day and Retrocession Day.<\/p>\n
Food prices climbed 2.02 percent, led by higher costs for meat (up 5.43 percent), eggs (6.69 percent), grains and processed foods (3.88 percent), and dining out (3.56 percent). Dining-out costs have risen by more than 3 percent for 12 consecutive months–the fastest pace in nearly 20 months.<\/p>\n
The CPI for 17 essential daily goods tracked by the Executive Yuan rose 2.73 percent, also the highest in nearly 20 months, largely due to pork and egg prices.<\/p>\n
Tsao said the jump in pork prices reflected short-term supply disruptions caused by weather, disease outbreaks and natural disasters. By late October, average wholesale pork prices had fallen below NT$100 (US$3.24) per kilogram, though retail prices were slower to adjust.<\/p>\n
He added that a 15-day nationwide ban on live pig slaughter and transport following an African swine fever outbreak had little impact, as frozen and refrigerated pork supplies remained stable.<\/p>\n
With the ban lifted Thursday, pork prices are expected to stabilize in November, Tsao said.<\/p>\n
Looking ahead, he added that if typhoon-related damage remains limited, November CPI is likely to stay around or slightly below October’s level.<\/p>\n
(By Pan Tzu-yu and Evelyn Kao) <\/p>\n
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