Taiwan's consumer price index, or CPI, declined for the second consecutive month in March with a 0.15% year-on-year fall, the Directorate General of Budget, Accounting and Statistics said Monday. Economists had expected a 0.6% fall for March following a revised 1.33% decline in February.

On a monthly basis, the CPI climbed 0.11% in March, while the core CPI rose 0.81% year-on-year. For the first quarter, consumer prices fell 0.01% annually.

Further, the wholesale price index, or WPI, fell 0.12% month-on-month and 9.20% annually in March. In the first quarter, the WPI dropped 9.77% compared with the same period of the previous year, of which the import and export price index declined 11.64% and 6.64%, respectively.

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