Taiwan’s consumer price inflation accelerated in October, driven by higher fruit and vegetable prices due to bad weather, official data showed on Tuesday, Xinhua reported. The consumer price index, a main gauge of inflation, rose by 1.7% in October from a year ago. That is compared to growth of 0.33% recorded in September, according to the island’s directorate general of budget, accounting and statistics. Food prices climbed by 5.2% from a year earlier as typhoons and heavy rain dampened farm produce output. Vegetable prices surged 24% while fruit prices jumped 7.8%. Compared with a month ago, CPI rose 1.45%. The core CPI, which excludes vegetables, fruit and energy, rose by 0.96% in October year-on-year, the DGBAS said. The wholesale price index, a gauge of production costs, dropped by 1.88% in October from a year earlier. That is narrowed from a fall of 3.79% in September.
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