l With the worldwide economic outlook remains cloudy, Taiwan’s export-oriented economy is expected to experience a slowdown. According to statistics released by the Directorate-General of Budget, Accounting and Statistics (DGBAS), however, Taiwan’s consumer price index (CPI) in September increased 0.11 percent from the previous month to 107.2. The increase in CPI was seen as a result of higher demand for meat, fruit, and vegetables during the mid-Autumn Festival.
l Although the prices of commodities such as clothes, eggs, fruits, aquatic products, fuel, meat and rice were all higher year-on-year, the prices of vegetables, communication and 3C consumer products all fell compared with last year. The relatively steady CPI, therefore, could help maintain the level of consumer confidence as non-economic factors, particularly the upcoming presidential election, begin to assume a more prominent role.
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