TAIPEI, Nov 17 (Reuters) - Taiwan's consumer prices are steady, the central bank said on Tuesday, indicating the island is experiencing few inflationary pressures as the global economy recovers.
'Taiwan's consumer price index fell by an average 0.85 percent in the first 10 months, mainly due to price declines in oil products, durable goods and fruit,' Central Bank Governor Perng Fai-nan said in a report.
'During the same period, core CPI's year-on-year change was 0.00 percent, which indicates price stability,' Perng said in the report to be delivered to parliament on Thursday, but seen by Reuters on Tuesday.
Perng's latest report reiterates the central bank's previous comments.
Taiwan's CPI has been posting annual falls for most of this year, though analysts said the central bank would not be too concerned with the declines as prices had begun to trend higher on a monthly basis.
In the report, Perng also reiterated his usual comments that the Taiwan dollar was 'dynamically stable' and that market liquidity was ample after the central bank slashed interest rates to a record low of 1.25 percent this year.
