Taiwan October Inflation Rises to 1.48% as Pork Prices Surge
Taiwan’s consumer price index rose 1.48% in October, driven by a 9.07% jump in pork prices amid an African swine fever outbreak.
After the virus was detected at a Taichung hog farm on Oct. 21, authorities banned the transport of pigs until Thursday and slaughter until early Friday. Prices for meat products overall rose 5.42% in October, per CNA.
Core inflation, which excludes fruit, vegetables, and energy, was 1.84%, according to the Directorate General of Budget, Accounting and Statistics. Of the CPI’s seven major categories, “miscellaneous goods” posted the biggest gain at 3.18%...
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