Consumer Price Index
After the price drop in farm, livestock, and fishery products, the consumer price increase rate has slowed down to nearly 0% for the first time in 14 years.
According to the National Statistical Office on October 1, trend reports on consumer prices show that the price increase rate in September was 0.8% higher than September last year.
This is the lowest increase since September 1999, when the consumer price increase rate was at 0.8%.
The consumer price increase rate has been fluctuating between 1.0 to 1.5% this year, showing a constant reduction for the past three months, at 1.4% in July and 1.3% in August.
Except farm products and petroleum, core prices have increased 1.6% compared to last year and 0.4% compared to last month.
Under the Organization for Economic Cooperation and Development (OECD) standards, the exclusion rates for core prices such as foods and energy have increased 1.3% compared to last year and 0.3% compared to last month.
The consumer price index for living necessaries has decreased 0.1% compared to the same month last year. It increased 0.2% compared to last month.