Business News

Aug 5, 2008, 10:23 GMT

Taiwan inflation soars to 14-year high of 5.92 per cent

Taipei - Taiwan's inflation rate hit a 14-year high of 5.92 per cent in July, mainly because of increases in food and fuel prices, the island's statistical agency said Tuesday. The consumer price index (CPI), which edged up 0.6 per cent from June, rose 5.92 per cent from the same month a year earlier, the biggest rise since September 1994, the Directorate General of Budget, Accounting and Statistics said in a statement. Besides fuel price hikes, the agency also noted that two typhoons, Kalmaegi and Fung Wong, which wreaked havoc on Taiwan in July, caused damage to the agricultural sector, resulting in sharp rises in food prices. July's core CPI - which excludes items with volatile prices, such as fresh vegetables and fruits, fishery products and energy - rose 4.06 per cent from a year earlier and increased 0.33 per cent from June. For the first seven months of this year, the CPI rose by an average of 4.18 per cent from a year earlier, the agency said. The wholesale price index (WHI) in July also rose 11.49 per cent from the same period in 2007 and 1.62 per cent from June. For the first seven months of the year, the WHI rose by an average of 8.81 per cent.

And Also

Look Back at the Worst Celebrity Breakups

Look Back at the Worst Celebrity Breakups - PopEater
New software will break BitLocker encryption - The Tech Herald
Star Trek Online: Collector's Edition Revealed - Cinema Blend
Mysteries of "Legion of Extraordinary Dancers," "Jesper Parnevik," and "Custer's Revenge" Solved - PopEater
A&E series 'Hoarders' and 'Intervention' premiere Monday, Nov. 30th, preview

Your Talkback on this Story

Similar articles

Taiwan foreign exchange reserves rise to 341 billion US dollars
Taiwan research agency raises economic growth forecast
Taiwan's consumer price index drops 0.86 per cent in September
Taiwan's export decline largest among four Asian dragons
Taiwan's consumer price index drops 0.81 per cent in August

Latest Headlines in Business

Older Talkback

Business: Index

: News; Features; Currency Conversion

Latest Pics

From Sites we Like

If there was any doubt as to which list William C. Caldwell III of Georgia is on, it was eliminated when he dressed as an elf and told a mall Santa that he was carrying dynamite. With pic of what an elf probably doesn't look like [Dumbass]
More unidentified voters surface at Illiinois cemetery [Sad]

More Not News from Fark

In Monsters and Critics

: Arts; Books; DVD; Gaming; Lifestyle; Movies; Music; News; People; Science & Nature; Sport; TV; Archives
Other Languages and Sites: Deutschland (Monsters and Critics); The Tech Herald; Free Games

Entertainment: Arts; Books; DVD; Gaming; Movies; Music; People; Soundtracks; TV
Media: Celebrity Photos; Movie Pictures; Movie Trailers; Movie Posters; Theatre Stills; Celebrity Video; Music Video
Released this week: Movies - USA; Movies - UK; DVD - USA
Distractions: Online Games; Daily Crossword; Sudoku Classic; Daily Jigsaw

World News: US; UK; Americas; Europe; Middle East; Asia Pacific; South Asia; Africa; Business; Education; Health
Science and Tech: Science and Nature; Technology
Lifestyle: Autos; Fashion; Life; Travel

Corporate

: About; Advertise; Contact; The Team; Vacancies; Privacy; RSS; Site Map; Terms; Webmasters

The Fine Print

© 2003 - 2009 by Monsters and Critics.com, WotR Ltd. All Rights Reserved. All photos are copyright their respective owners and are used under license or with permission. * Note M&C cannot be held responsible for the content on other Web Sites.

Servers supplied by Servint