Taiwan's inflation drops to 0.15 per cent in March
Taipei - Taiwan's year-on-year inflation rate contracted for the second consecutive month to 0.15 per cent in March, due mainly to the fall in oil prices, the government's statistics agency said Monday.
"Compared with the same month last year, oil product prices in March dropped considerably, resulting in the general fall of consumer prices," said Wu Chao-ming, a spokesman of the Directorate General of Budget, Accounting and Statistics.
Wu cited reduced demand due to global downturn as another major factor affecting consumers' desires to buy, thus resulting in the drop of prices on the island. (dpa)
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