(RTTNews) - Inflation in Taiwan rose marginally in August after easing to its lowest level in three months in July, latest figures from the Director General of Budget Accounting and Statistics showed Monday.
The rate rose to 1.34 percent in August from 1.33 percent in July. Economists' were expecting an inflation rate of 1.45 percent.
Food prices rose 1.6 percent annually during the month, while costs of transportation and communication moved up 1.36 percent. Clothing prices rose 3.21 percent.
On a monthly basis, consumer prices advanced 0.03 percent, mainly due to an increase in prices of fruits and vegetables. In the January-August period, the index advanced 1.43 percent compared to the same period last year.
The core consumer price index, which excludes some food articles and energy, advanced 1.26 percent from last year. On a monthly basis, the core index decreased 0.22 percent.
At the same time, Taiwan's wholesale price index grew 3.85 percent annually in August, while on a monthly basis, the index increased 0.2 percent. Economists had forecast a 3.8 percent annual increase in wholesale prices.
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